PROFITS at Shell fell back sharply last year from Ukraine war-boosted record levels, but the UK's biggest energy firm stoked fresh controversy today with another bumper payout for investors.
The £159 billion company reported a 54% tumble in profits attributable to $19.4 billion (£15.3 billion). The drop came as the wave of turbulence in oil and gas markets, caused by Vladimir Putin's full-scale invasion of Ukraine in 2022, rippled out of Shell's numbers.
Earnings from its upstream division, which identifies and extracts oil and gas supplies, fell 47% for 2023 to $8.5 billion from last year's record, but rose 10% for the fourth quarter to $1.4 billion.
It was enough for a fresh payday for investors, via a new share buyback worth £2.8 billion. That stoked more accusations of profiteering and renewed complaints over a perceived move back towards traditional fossil fuel sources and a pivot away from the development of new, renewable energy.
Diese Geschichte stammt aus der February 01, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 01, 2024-Ausgabe von Evening Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Why are England wasting time waiting for Tuchel?
Winning the World Cup is the aim, so the new boss should start now
He's been shot, and punched by Mike Tyson, but British boxing's great survivor is back on top and aiming to rule the world
This is where the magic happens,\" reads a big neon sign scrawled across the entrance to the offices of arguably the most powerful man in British boxing today.
How Sketch went from 'obscene' to era-defining
After arocky start, the glamorous and infamous restaurant is now an institution
Money is worth less than time'
He's quit Fendi, but what will Kim Jones do next?
London's Roman Amphitheatre
Guildhall Yard, EC2V
Liberals didn't notice they'd lost relevance in the all-consuming digital sphere
There are many reasons why Donald Trump might have won the election last week.
Do we have to die?
One neuroscientist thinks the answer is no
How to have a magical Christmas in Edinburgh
From cosy cobblestone streets to abundant Yuletide goings-on, few cities rival the Scottish capital in creating Christmas whimsy.
London's best festive restaurants
The social season is upon us once more. These are the city’s most coveted Christmas venues, which need to be booked soon so as to not miss out on the tinsel and tipples.
Rag'n'Bone Man
I struggle with being recognised... I'll never really feel comfortable with it'
