Shell Fuel Windfall Tax Calls After Posting RECORD $9.13bn Quarterly Profits
Shell reported a record Q1 profit of $9.13bn Thursday as soaring energy prices boost their bottom line despite writing down $3.9bn following their partial withdrawal from Russia.
The company will maintain two contracts with a “small, independent Russian producer”, still has long-term contracts to import Russian LNG, and maintains $1bn of Russia assets according to CFO Sinead Gorman.
The company also reported $5.4bn in dividend and share purchase payments. Britain’s Labour Party, meanwhile, is calling for a windfall tax to ease the burden of the energy price surge.
Subscribe to RT t.me/rtnews
Gusto
Magkomento
