Shell profits hit 115-year high
Profits hit $39.9 billion (€35 billion) in 2022, which is the highest in its 115-year history.
Energy firms have been making record profits after oil and gas prices jumped following the invasion of Ukraine.
Oil and gas prices had begun to rise after the end of lockdowns, but rose sharply in March last year after the war started.
Shell chief executive Wael Sawan said the firm's latest results "demonstrate the strength of Shell's differentiated portfolio, as well as our capacity to deliver vital energy to our customers in a volatile world".
He 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."
It follows a year when consumers grappled with spiralling energy costs which has fed into persistent double-digit inflation.