Energy Economy

05 May 2022

Shell Posts Record Profit on High Energy Prices and Trading Boost

05 May 2022  by   

The Shell logo is seen on a pump at a Shell petrol station in London January 30, 2014. REUTERS/Suzanne Plunkett

Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of its trading division.

First-quarter adjusted earnings rose 43% from the previous quarter to $9.13 billion, above an average analyst forecast provided by the company for a $8.67 billion profit.

That compares with earnings of $3.13 billion a year earlier.


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