Shell Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn Shell has been accused of a “profiteering bonanza” after it made record first-quarter profits of more than $9.6bn (£7.6bn) and showered shareholders with more than $6bn, even as oil and gas prices tumbled from last year’s highs. The better than expected profits in the first three months of this year were well above the $7.96bn predicted by industry analysts, and topped Shell’s previous first-quarter record set last year at $9.1bn for the same period. Europe’s biggest oil and gas company handed shareholders $2bn in dividend payments and bought back shares worth $4.3bn over the last quarter, and plans to offer its investors another $4bn in share buybacks over the next three months. Learn more https://www.theguardian.com/business/2023/may/04/shell-makes-record-quarterly-profits-of-nearly-10bn