Oil giant Shell on Thursday posted profits of more than $11 billion between April and June amid soaring energy prices, topping its already record-breaking previous quarter results.
The London-headquartered company’s earnings come as households across the United Kingdom struggle with the rising cost of living and are prepared for yet another surge in energy bills after Russia cut off further gas flows to Europe.
Shell said it had managed a strong performance in a “turbulent economic environment,” and reported that adjusted earnings were $11.5 billion for the second quarter.
That’s up from its previous record quarterly profit of $9.2 billion earnings between January to March that it posted earlier this year, and up from the $5.5 billion posted in the April–June period of 2021….