The energy giant announced a 4% increase in dividends to 25 cents per share and the expansion of its share buyback programme to $8.5 billion as full-year earnings soared four-fold from $4.8 billion to $19.3 billion.
For the fourth quarter, earnings were $11.1 billion compared with a loss of $4.5 billion a year earlier.
CEO Ben van Beurden accepted his company had benefited from “tightness in the market as millions of UK families face a 50% hike in energy bills.
But he rejected calls for the introduction of a one-off windfall tax on energy giants, saying he was not convinced imposing a levy on higher profits would resolve issues of “booming demand and struggling supply.
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