Oil and fuel big Shell has reported its highest ever annual earnings after vitality costs surged final yr following Russia’s invasion of Ukraine.
Earnings hit $39.9bn (£32.2bn) in 2022, double the overall in 2021 and the very best in its 115-year historical past.
Power companies have seen file earnings since oil and fuel costs jumped following the invasion of Ukraine.
It has heaped stress on these companies to pay extra tax as households wrestle with rising payments.
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