Shell has been accused of a “profiteering bonanza” after it made record first-quarter profits of more than $9.6bn (£7.6bn) and showered shareholders with more than $6bn, even as oil and gas prices tumbled from last year’s highs.
The better than expected profits in the first three months of this year were well above the $7.96bn predicted by industry analysts, and topped Shell’s previous first-quarter record set last year at $9.1bn for the same period.
