Shell reports record $40 billion profit in 2022

The British company Shell made record profits in 2022. © AFP

Text by: RFI Follow

1 min

After ExxonMobil, Shell is also announcing record profits.

Forty billion dollars in 2022, double from the previous year.

This is the largest profit ever made by the British oil giant. 


Read more

Like ExxonMobil

and other energy

companies, Shell's business has been boosted by a rebound in demand for hydrocarbons after a drop during the pandemic.

All have also benefited from the decline in Russian oil and gas exports since the start of the Russian offensive in Ukraine, which has pushed prices up. 

Billions of dollars

For its part, the American ExxonMobil announced a record profit of nearly 56 billion dollars, and paid billions of dollars to shareholders, attracting the wrath of the White House, while the United States is in full energy crisis, with bills soaring by more than 13%. 

Joe Biden had tweeted that the only thing “ 

stopping big oil companies from increasing production is their decision to pay out billions to shareholders instead of reinvesting profits



Superprofits tax

The European Union and the British are waiting for these big energy companies at the turn and want to impose a 33% tax on the superprofits of 2022. Thus, the French TotalEnergie, will have to pay two billion euros in "temporary solidarity contribution", according to the term used by the European Commission.

A contribution that will affect future investments, denounces Patrick Pouyanné, the group's president.

ExxonMobil for its part seized the Court of Justice of the European Union at the end of December not to pay having to pay this contribution.

►Also read

: Libya: energy giant Eni invests eight billion dollars to operate gas sites


Receive all the international news directly in your mailbox

I subscribe

Follow all the international news by downloading the RFI application

  • Economy

  • Oil

  • finance

  • Energies

  • Social issues

  • European Union

  • UK