London Evening Standard
Shell to hand £6bn to shareholders as oil and gas prices soar
The business said profits have risen dramatically in the last few months.
By August Graham: 3 Feb 2022
It has been a bumper three months for energy giant Shell, which managed to increase its profits nearly fourteen-fold amid soaring oil and gas prices.
As prices surged, the company’s upstream unit was able to collect 8.88 dollars for every thousand cubic feet of gas it sold to customers over the last quarter of 2021.
Just six months earlier gas had been selling for 4.31 dollars, less than half of its most recent level.