Shell profit doubles to record high as Russia-Ukraine war drives up energy costs
Headline from Fox10 Phoenix
Shell is the latest oil company to report bumper profits even as the fossil fuel industry faces increasing pressure to cut climate-changing carbon emissions.
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Shell is the latest oil company to report bumper profits even as the fossil fuel industry faces increasing pressure to cut climate-changing carbon emissions.
Shell Global, along with ExxonMobil and Chevron, have announced profits in excess of double their FY 2021 totals thanks to high gas prices after sanctions on Russia.
By Michelle Toh and Hanna Ziady, CNN Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine.
Shell's net profit surged to a record $42.3 billion last year, the British energy giant said Thursday, as Russia's invasion of Ukraine sent oil and gas prices soaring.
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Shell profit doubles to record high as Russia-Ukraine war drives up energy costs | Since Then
