Shell Reports Record Earnings As Profits Double ...Middle East

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Shell Reports Record Earnings As Profits Double
source : OILPRICE ( Middle East ) () 20
Shell (LON: SHEL) reported on Thursday adjusted earnings of $39.9 billion for 2022, double the earnings from 2021, becoming the latest Big Oil firm to deliver record profits for last year. Shell’s adjusted earnings doubled to $39.9 billion in 2022 from $19.3 billion in 2021, thanks to higher realized oil and gas prices, high refining margins, and strong trading results mainly in the gas, chemicals, and renewables divisions, the supermajor said.    Along with the results, Shell announced a 15% dividend increase for the fourth quarter,…

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