Shell makes record $40 bln profit in tumultuous 2022 – Reuters

Shell makes record $40 bln profit in tumultuous 2022 – Reuters

LONDON, Feb 2 (Reuters) - Shell (SHEL.L) delivered a record $40 billion profit in 2022, it said on Thursday, capping a tumultuous year in which Russia's invasion of Ukraine allowed the energy giant to hand shareholders unprecedented returns.

The British company also posted record fourth-quarter profit of $9.8 billion on the back of a strong recovery in earnings from its liquefied natural gas (LNG) trading, beating analyst forecasts for an $8 billion profit.

Annual annual earnings reached $39.9 billion, doubling from a year earlier and far exceeding the previous record of $31 billion in 2008.