“As we enter 2024, we are continuing to simplify our organization with a focus on delivering more value with less emissions,” proclaimed Wael Sawan, Shell’s chief executive, presumably with a straight face.
Posted by John Donovan: 1 Feb 24
In the latest saga of “Billionaires at Play,” Shell, the oil behemoth with a heart of coal, has graciously announced a titanic profit of only $28.2 billion for 2023, a tear-jerking decrease from its 2022 high of $39.9 billion. Cue the violins, as this marks a somber moment in Shell’s 115-year history of environmental philanthropy.
As oil and gas prices took a nap last year, Shell’s profits decided to join them, resulting in a mere $7.3 billion in the last quarter, a figure that somehow still managed to exceed the low expectations of analysts. “As we enter 2024, we are continuing to simplify our organization with a focus on delivering more value with less emissions,” proclaimed Wael Sawan, Shell’s chief executive, presumably with a straight face. read more
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