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Shell profits nearly triple as oil prices surge amid Russia-Ukraine war – BBC News

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Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world.

Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the same period last year.

But the firm said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn (£3.1bn).

On Tuesday, rival BP also reported a sharp rise in profit, but the UK has so far ruled out a windfall tax.

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#Russia #Ukraine #BBCNews
Category
World
Tags
bbc, bbc news, news
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