Oil company to give shareholders £6.5bn after benefiting from price surge following Ukraine invasion
Shell made record profits of nearly £10bn between April and June and promised to give shareholders payouts worth £6.5bn as the oil supermajor benefited from the surge in energy prices prompted by Russia’s invasion of Ukraine.
The FTSE 100 company made adjusted profits of $11.5bn (£9.5bn) during the second quarter of the year, beating its previous high – set between January and March – by 26%. The profits were more than double the same period in 2021.
