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Shell’s profits reach new highs amid energy crisis

New record quarterly earnings off the back of price spike spurred by the war and energy crisis
July 28, 2022
  • Q2 underlying earnings of $11.5bn, surpassing Q1 to set a new high
  • Management rejects profiteering claims and calls for 'reliable' government policies to support supply

Shell (SHEL) will further increase its buyback programme on the back of record earnings, which were driven by high oil prices and another quarter of dizzying gas prices.

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