Shell and British Gas owner post record profits as energy bills surge
Jul 28th, 2022
by John Donovan.
The Telegraph
Shell and British Gas owner post record profits as energy bills surge
James Warrington: 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.
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Posted in: Daily Telegraph, Fossil Fuels, Gas, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc, Shell, Shell Energy, Shell PLC.
Tagged: Gas · Oil · Oil Prices · Royal Dutch Shell Plc · Shell