Royal Dutch Shell net distributable profit $42,309 million (€38,795 million) for the whole of 2022, that is 110% increase regarding profits recorded in 2021 and the best annual result since the company was founded in 1907, as reported by the multinational.
improvement in your results reflected better commercialization performance as well as higher prices and refining marginsThe company explained that it was partially offset by lower volumes and lower chemical margins.
They also included a net gain of $3,400 million (EUR 3,117 million) due to accounting adjustments in the fair value of raw material derivatives and an expense of $2,300 million (EUR 2,109 million) related to the EU and UK Energy’s solidarity contribution. .
From January to December, Shell revenues totaled $386,201 million (354,129 million euros), 41.6% more than the previous year.
Between October and December, Shell posted a net attributable profit of $10,409 million (EUR 9,545 million)The fourth quarter of 2021 meant a decrease of 8.7% compared to the result, while the company’s turnover increased by 12.2% to $101.195 million (€92,791 million).
“Our results in the fourth quarter and throughout the year demonstrate the strength of Shell’s differentiated portfolio,” said the CEO of the multinational. Wael SawanHighlighting the decision to increase the dividend by 15% and the launch of a new share repurchase program of up to $4,000 million (3,668 million euros).
Source: Informacion
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