Posted by John Donovan: 6 Mar 24
Oh, what a day to be alive! Shell, our favourite environmental villain, just threw its quarterly earnings bash, and guess what? Profits are through the ozone layer, folks! Up a whopping 42 percent to the highest in over three years, all thanks to those ever-so-gentle oil price hikes and squeezing more out of the earth like it’s an old toothpaste tube. But, hold your gasps, because the plot thickens—or should we say, the oil slickens? Despite bathing in cash, Shell somehow managed to disappoint the world yet again with its cash flow not living up to the high expectations. Who could’ve guessed?