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Shell profit doubles to record as war drives up energy costs

A sign at a Shell petrol station in London, Thursday, Feb. 2, 2023. Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc on Thursday posted adjusted earnings of $39.9 billion for 2022 and $9.8 billion in the fourth quarter. (AP Photo/Kirsty Wigglesworth) Signs at a shell petrol station in London, Thursday, Feb. 2, 2023. Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc on Thursday posted adjusted earnings of $39.9 billion for 2022 and $9.8 billion in the fourth quarter. (AP Photo/Kirsty Wigglesworth) An airoplane passes a sign at a shell petrol station in London, Thursday, Feb. 2, 2023. Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc on Thursday posted adjusted earnings of $39.9 billion for 2022 and $9.8 billion in the fourth quarter. (AP Photo/Kirsty Wigglesworth) A flag flies at a shell petrol station in London, Thursday, Feb. 2, 2023. Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc on Thursday posted adjusted earnings of $39.9 billion for 2022 and $9.8 billion in the fourth quarter. (AP Photo/Kirsty Wigglesworth) Signs at a shell petrol station in London, Thursday, Feb. 2, 2023. Global energy giant Shell says annual profits doubled to a record high last year as oil and gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc on Thursday posted adjusted earnings of $39.9 billion for 2022 and $9.8 billion in the fourth quarter. (AP Photo/Kirsty Wigglesworth)
Shell profit doubles to record as war drives up energy costs