Shell announces record annual profits of £32.2bn

The Independent 2023-02-02

Views 1

Shell has announced annual profits of $39.9bn (£32.2bn), exceeding 2008's record of $31bn, after energy prices surged in 2022 following Russia's invasion of Ukraine.Profits increased by 53 per cent to 84.3bn dollars (£68.1bn), the company’s latest figures show, sparking calls for Rishi Sunak’s government to expand the windfall tax on profits.Shell's gas operations were the source of the majority of its profits.Chancellor Jeremy Hunt announced in November 2022 that the energy profits levy, as the windfall tax is known, will rise from 25 per cent to 35 per cent and is expected to raise an extra £14bn a year.PA

Share This Video


Download

  
Report form