Shell more than doubles third-quarter profit to £8.2 billion
OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.
Source: thenational.scot
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OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.
Oil giants were hit by an extra windfall charge in May this year, but they could get around it by investing more in the UK.
Shell has recorded further profits for the third quarter of 2022 as many Brits struggle to keep up with the rising cost of energy bills.
Shell will buy back $4 billion worth of shares and increase its dividend by 15% after posting another gigantic quarterly profit thanks to strong oil and gas prices.