Energy giant Shell's profits surge by 53% to £68BN after oil prices rocketed trends now Energy giant Shell's profits surge by eyewatering 53% to £68BN after oil prices rocketed in the wake of Russia's invasion of Ukraine By Danya Bazaraa For Mailonline Published: 07:23 GMT, 2 February 2023 | Updated: 07:24 GMT, 2 February 2023 Viewcomments Energy giant Shell's profits increased by 53 per cent to £68.1 billion in 2022 due to soaring oil prices. Shell chief executive Wael Sawan said: 'Our results in Q4 and across the full year demonstrate the strength of Shell's differentiated portfolio, as well as our capacity to deliver vital energy to our customers in a volatile world. 'We believe that Shell is well positioned to be the trusted partner through the energy transition. 'As we continue to put our Powering Progress strategy into action, we will build on our core strengths, further simplify the organisation and focus on performance. 'We intend to remain disciplined while delivering compelling shareholder returns, as demonstrated by the 15 per cent dividend increase and the four-billion-dollar share buyback programme announced today.' Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility