Shell profits plunge last year from a record high as oil and natural gas prices drop

Shell profits plunge last year from a record high as oil and natural gas prices drop

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Oil giant Shell saw profits tumble by nearly a third in 2023 as a result of lower oil and natural gas prices, which had surged the year before in the wake of Russia's invasion of Ukraine. In a statement Thursday, London-based Shell said its post-tax earnings fell 29%, to $28.3 billion from the…

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