Shell posts profit of nearly $40 billion and announces $4 billion in buybacks | CNN Business

The oil giant posted a whopping $39.9 billion in adjusted earnings for the full year, the latest sign of how energy producers are enjoying bumper profits amid strong oil and gas prices.

Shell\n \n also announced $4 billion in share buybacks and confirmed it would lift its dividend per share by 15% for the fourth quarter. The company posted $9.8 billion in profit in the fourth quarter, mostly driven by its integrated gas business, Shell CEO Wael Sawan said in a statement. — This is a developing story and will be updated.

More money!

So explain to me why gas prices skyrocketed when She’ll was making record profits. Oh yeah they gouged the public. But not a word from CNN or others about this. Just blaming the current administration for inflation

Remind me again why we give tax breaks to dirtyFuel

War profiteering

Good for them!

Their profits were made by inflating the gas prices paid by us the consumers

i read 'she reported' i was like, who's she? that's a lot of money 😂

Putins profit hike?

Governments disrupting supply, demanding less drilling and refusing to issue permits for exploration, while the world is consuming more oil. Increases demand, while lowering supply, causing prices to rise. - Simple

What’s new with these people?

False Reports

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