Get all your news in one place.
100's of premium titles.
One app.
Start reading
WEKU
WEKU
Business
Willem Marx

Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

Activists from Greenpeace set up a mock-petrol station price board displaying the Shell's net profit for 2022. (Daniel Leal/AFP via Getty Images)

LONDON — Energy giant Shell has reported its highest annual profits in the company's 115-year history, after energy prices soared due to the Russian invasion of Ukraine.

London-based Shell's profits for 2022 were almost $40 billion, twice those reported for 2021, at a time of continued political debate about more targeted taxation on energy companies.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.