Shell 2022 Profit More Than Doubles to Record $40 Billion

Shell 2022 Profit More Than Doubles to Record $40 Billion
The Shell logo and a stock graph are seen in this illustration taken on May 1, 2022. Dado Ruvic/Reuters
Reuters
Updated:

LONDON—Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices allowed it to hand shareholders unprecedented returns.

The British company’s record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.