Shell reports its highest ever annual profit

[We Never Know]

Over priced gas the last year is why. Gouging is the new norm.


Oil giant says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

"Shell reported profit of $39.9 billion for 2022, more than double the $19.3 billion booked a year ago and slightly topping analyst expectations of $38.3 billion. This outstrips the $28.4 billion adjusted earnings for 2008 — the previous annual record, according to the company."

Oil giant Shell says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

 

[Revoltingest]

I don't think gas is over-priced.
And recently it's come down.
It's cheaper here than over in
that backward Europe.
So good for Shell's shareholders.

 

[We Never Know]

I don't think gas is over-priced.
And recently it's come down.
It's cheaper here than over in
that backward Europe.
So good for Shell's shareholders.

Its cheaper to make diesel than gas. Diesel runs around a $1 higher per gallon than gas.

 

[Revoltingest]

Its cheaper to make diesel than gas. Diesel runs around a $1 higher per gallon than gas.

Price is only partly about cost of manufacture.
Demand is important too. Diesel is worth more
than gasoline because of higher energy content
per gallon. Diesel would be cheaper, but, you
know....trucks.

 

[Shadow Wolf]

I don't think gas is over-priced.
And recently it's come down.
It's cheaper here than over in
that backward Europe.
So good for Shell's shareholders.

Or they could prop up their regular employees. And I doubt Reps cease their lunacy of trying to say it's Biden's fault oil companies aren't drilling.

 

[Revoltingest]

Or they could prop up their regular employees. And I doubt Reps cease their lunacy of trying to say it's Biden's fault they aren't drilling.

Whuh?

 

[Twilight Hue]

Over priced gas the last year is why. Gouging is the new norm.


Oil giant says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

"Shell reported profit of $39.9 billion for 2022, more than double the $19.3 billion booked a year ago and slightly topping analyst expectations of $38.3 billion. This outstrips the $28.4 billion adjusted earnings for 2008 — the previous annual record, according to the company."

Oil giant Shell says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

Wait until electricity takes its crack at the gouging table for the greedy elites and their investors. We've seen nothing yet.

 

[Shadow Wolf]

Whuh?

How Reps have been hounding Biden as if it's his fault the oil companies haven't been drilling. In reality the permits are there they are just going unused. And as making the rich richer isn't drilling or helping gas prices then Reps can shut up about it (including blaming Biden for gas prices).

 

[Twilight Hue]

Its cheaper to make diesel than gas. Diesel runs around a $1 higher per gallon than gas.

That's where they gouge the worse. Diesel is less refined , so it ought to be cheaper right at the start.

In the 70s it was far far cheaper than gas.

 

[Father Heathen]

Wait until electricity takes its crack at the gouging table for the greedy elites and their investors. We've seen nothing yet.

It's pitiful how easily fossil fuel lobbyists have made green energy of all things out to be a scary bogeyman.

 

[Revoltingest]

How Reps have been hounding Biden as if it's his fault the oil companies haven't been drilling. In reality the permits are there they are just going unused. And as making the rich richer isn't drilling or helping gas prices then Reps can shut up about it (including blaming Biden for gas prices).

Oh, just political pandering.
That noise annoys.

 

[Revoltingest]

Wait until electricity takes its crack at the gouging table for the greedy elites and their investors. We've seen nothing yet.

I'd rather be exploited by capitalist greedy elites
than commie greedy elites. The supply is better.

 

[Twilight Hue]

I'd rather be exploited by capitalist greedy elites
than commie greedy elites. The supply is better.

I'd rather people would be allowed to enjoy something cheap in life for a change without the exploitation that prevents it.

 

[Revoltingest]

I'd rather people would be allowed to enjoy something cheap in life for a change without the exploitation that prevents it.

Fuel is cheap.
Too cheap IMO, cuz it encourages waste.
People should feel that "rolling coal"
& "burning rubber" are too expensive.

 

[metis]

Oil giant Shell says it will spend $4 billion buying back shares, as it reports its highest ever annual profit

As did Exxon/Mobile, btw.

 

[SalixIncendium]

It's pitiful how easily fossil fuel lobbyists have made green energy of all things out to be a scary bogeyman.

Every bit as pitiful is how green energy lobbyists fail to realize that about 61% of electricity comes from fossil fuel.

 

[sun rise]

How Reps have been hounding Biden as if it's his fault the oil companies haven't been drilling. In reality the permits are there they are just going unused. And as making the rich richer isn't drilling or helping gas prices then Reps can shut up about it (including blaming Biden for gas prices).

Also https://www.cnbc.com/2023/02/01/biden-moves-toward-approval-for-alaska-oil-drilling-project.html

 

[Twilight Hue]

Fuel is cheap.
Too cheap IMO, cuz it encourages waste.
People should feel that "rolling coal"
& "burning rubber" are too expensive.

One can only cry.

Saudi Arabia gasoline prices, 30-Jan-2023 | GlobalPetrolPrices.com

 

[Father Heathen]

Every bit as pitiful is how green energy lobbyists fail to realize that about 61% of electricity comes from fossil fuel.

The purpose of green energy is to be an alternative to fossil fuel.

 

[Shadow Wolf]

Oh, just political pandering.
That noise annoys.

I does. It would be funny to be able to do copy edit stuff for video, so there is somehow a spoken element heard with "Read my lips: No ^Many new taxes!"