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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

BIZARRE: Shell to raise dividends again despite 30 fall in annual profits | Mind Blowing Facts

Greenpeace activists dressed as Shell board members hold a mock profits party behind a burning sign reading ‘Your Future’ during a protest outside Shell's headquarters in London.
Greenpeace activists hold a mock profits party behind a burning sign reading ‘Your Future’ during a protest outside Shell's headquarters in London. Photograph: Henry Nicholls/AFP/Getty Images

Shell’s investors can expect another year of growing payouts after the oil company reported better than expected profits of more than $28bn (£22bn) for 2023 in one of its most profitable years on record.

Shell’s profits tumbled by almost a third to $28.3bn last year, from record high profits of $40bn at the peak of the global energy crisis in 2022, after a cooling of oil and gas markets.

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