Shell posts £10bn quarterly profits as households struggle with bills

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Oil company to give shareholders £6.5bn after benefiting from price surge following Ukraine invasion

Shell made record profits of nearly £10bn between April and June and promised to give shareholders payouts worth £6.5bn as the oil supermajor benefited from the surge in energy prices prompted by Russia’s invasion of Ukraine.

The FTSE 100 company made adjusted profits of $11.5bn (£9.5bn) during the second quarter of the year, beating its previous high – set between January and March – by 26%. The profits were more than double the same period in 2021.

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 ALL Credit of this post going to https://www.theguardian.com

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