Shell Reports Highest Profits in 115 Years

California Gazette Shell Reports Highest Profits in 115 Years Shell energy After Russia invaded Ukraine last year , prices increased , leading to record profits for the oil and gas company Shell . V - Power The Opposition The opposition said Shell's profits were " outrageous " and that the government was allowing energy firms off the hook . " They also asked that the planned increase to the cap on energy prices in April be canceled . Other Players It has led to huge profits for energy companies and caused home and business energy bills to go up . , the UK government put a tax on firms ' " extraordinary " profits called the Energy Profits Levy . This was done to help pay for its plan to lower gas and electricity bills . Wael Sawan , the CEO of Shell , said that these are " extremely hard times " because inflation is going crazy all over the world , but that Shell was doing its part by investing in renewable technologies . Shell To Pay It Fair Share he amount of money Shell made in a year was much more than it made in 2008. The company also said it had given its shareholders $ 6.3 billion in the last three months of 2022 www.cagazette.com Shell V - Power