Shell's bumper earnings follow soaring profits across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.
Shell's results follow soaring profits seen across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.
U.K. rival BP on Tuesday announced plans to boost share buybacks after first-quarter net profit jumped to its highest level in more than a decade. Shell reported a sharp upswing in full-year profit in 2021 on rebounding oil and gas prices, with CEO Ben van Beurden hailing it as a "momentous year" for the company.Ben Stansall | Afp | Getty Imageson Thursday reported bumper first-quarter profits on the back of soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with spiraling energy bills.
Shell posted adjusted earnings of $9.1 billion for the three months through to the end of March. That compared with
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