Shell Plc posted a fourth-quarter profit that was well ahead of expectations as its natural gas business thrived, lifting the oil major to a record performance in 2022 fueled by soaring energy prices. After a bumpy ride earlier in the year amid volatile markets, Shell’s integrated gas unit was firing on all cylinders in the final quarter, delivering $6 billion of adjusted profit in its best-ever performance.
Big Year For Big Oil As Shell Posts Record Profits While World Struggles With Rising Fuel Prices
William Mathis / Bloomberg, Time: Business
Thu, 02/02/2023 - 1:00am
Topics: shell plc europe russia flush chief executive officer wael sawan read reason fossil fuel companies are finally reckoning with climate change ldquo;we big oil exxon mobil corp shell shell&rsquo record world prices billion performance profit gas net quarter company business fourth-quarter energy cash posted natural delivering full debt shareholders fourth adjusted
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