hit tracker
Sunday, March 26, 2023
HomeLatest NewsShell achieves the best result in its entire history after earning almost...

Shell achieves the best result in its entire history after earning almost 40,000 million

Date: March 26, 2023 Time: 14:52:52

Royal Dutch Shell recorded an attributable net profit of 42,309 million dollars (38,795 million euros) in the whole of 2022. The company was founded in 1907, as reported by the multinational and collected by Europa Press.

The improvement in its results reflected higher refining prices and margins, as well as better marketing performance, partially offset by lower volumes and lower chemical margins, the company explained.

Likewise, they also included net profits of 3,400 million dollars (3,117 million euros) the EU and the Energy of the United Kingdom.

From January to December, Shell’s revenues totaled 386,201 million dollars (354,129 million euros), 41.6% more than the previous year. Between October and December, Shell lost an attributable profit of 10,409 million dollars (9,545 million euros), which implies a net decline of 8.7% compared to the result of the fourth quarter of 2021, while the turnover of the company increased 12.2%, to 101,195 million dollars (92,791 million euros).

“Our results in the fourth and throughout the quarter demonstrate the strength of Shell’s differentiated portfolio,” declared the CEO of the multinational, Wael Sawan, who highlighted the decision to raise the dividend by 15% and the launch of a new share repurchase program of up to 4,000 million dollars (3,668 million euros).

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

Most Popular

Recent Comments