Shell Reports Highest Profits in 115 Years - California Gazette
California Gazette07 Feb, 2023News
After Russia invaded Ukraine last year, energy prices increased, leading to record profits for the oil and gas company Shell. In 2022, profits will reach $39.9bn (£32.2bn), twice as much as last year and the most in its 115-year history. Since oil and gas prices went up after the invasion of Ukraine, energy firms have made more money than ever before. It has put a lot of pressure on businesses to pay more taxes when families struggle to pay their bills.
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