British energy giant Shell has reported profits of £8.2bn ($9.5bn) for the third quarter of 2022, up from £3.5bn ($4.1bn) in the same period last year.
The corporation’s profits were actually down slightly from the record £9.84bn (£11.5bn) it announced for the three months prior – which it attributed to weaker natural gas trading due to a lack of storage space, the mild weather and a reduction in oil refining margins – but still amounted to a whopping £89m ($103m) per day.
