SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Exxon Mobil (XOM)
XOM 114.35-0.3%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K2/2/2023 1:40:56 PM
   of 585
 
Shell Posts $42 Billion Profit, Adding to Industry’s Record Haul

The results bring to more than $132 billion the combined profit last year of the three big majors

Shell’s full-year profit surpassed the company’s previous record of $31.4 billion.PHOTO: MARTA LAVANDIER/ASSOCIATED PRESS

By Jenny Strasburg

Updated Feb. 2, 2023 7:41 am ET

SHARE

Listen to article

(2 minutes)

LONDON—Shell PLC became the latest oil giant to post a record annual profit last year, joining American peers in surging back from early pandemic losses on soaring energy prices.

Shell’s $41.6 billion full-year profit surpassed the London-based company’s previous record of $31.4 billion in 2008, measured on a net current-cost-of-supplies basis—a figure similar to the net income that U.S. oil companies report.

Exc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext