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July 28th, 2022:

Shell and British Gas owner post record profits as energy bills surge 

The Telegraph

Shell and British Gas owner post record profits as energy bills surge 

: 28 JULY 2022 • 12:28PM

Shell and the owner of British Gas are handing billions of pounds back to shareholders as Russia’s war in Ukraine drives record-breaking profits.

Shell will repurchase a further $6bn (£4.9bn) of shares in the third quarter, having already bought back $8.5bn of stock in the first half of the year.

It came after the FTSE 100 company’s profit jumped to $11.5bn in the three months to the end of June – its second consecutive quarter of record profits – as it cashed in on high oil and gas prices. read more

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