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Shell’s billions: are oil giant’s profits ‘war profiteering’?

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£32 billion - the profits made by Shell last year were the highest in their 115-year history, largely due to the spike in energy prices following Russia's invasion of Ukraine.

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But the company, which is based in the UK, is paying windfall tax of just £109 million pounds here because it makes most of its money overseas.

Environmentalists accused the company of “profiteering from climate destruction”.

Shell says it aims to be a “trusted partner” in the transition to low carbon fuel.
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Category
Journals
Tags
shell, shell petrol, shell oil
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