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Posts published by “Aurora Almendral”

Shell is more serious about share buybacks than renewables

Shell hit record high profits in 2022. Photo: MAY JAMES (Reuters)Shell’s profits hit a record high of $42.3 billion in 2022—double what it made in 2021, and perhaps the highest profits posted by any British company in history. How Shell spent those profits left little doubt about its priorities: $26 billion went toward dividends and…