Watch Congress members question oil executives about sky-high gas prices Hong Kong/London 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. Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday — more than double the $19.3 billion it posted in 2021 — driven by a strong performance in its gas trading business. The company’s stock was up 2.6% in London at midday. Just over 40% of Shell’s full-year earnings came from its integrated gas business, which includes liquified natural gas trading operations. The unit was responsible for almost two thirds of Shell’s $9.8 billion profit in the final three months of the year. Shell CEO Wael Sawan said the results “demonstrate the strength of Shell’s differentiated portfolio, as well as our capacity to deliver vital energy to our customers in a volatile world.” ExxonMobil earnings more than double to annual record The earnings are the latest in a series of record-setting results by the world’s biggest energy companies , which have enjoyed bumper profits off the back of […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
