Shell on Thursday posted its fourth-quarter numbers, and boy did the profits gusher out.
Shell’s SHEL UK:SHELnet profit for 2022 was a cool $42.31 billion, more than double 2021’s. Using standard adjustments to account for oil in inventories, the number that is getting the media’s attention is $39.9 billion, which again is just more than double 2021’s $19.3 billion.
Shell’s SHEL SHEL net profit for 2022 was a cool $42.31 billion, more than double 2021’s. Using standard adjustments to account for oil in inventories, the number that is getting the media’s attention is $39.9 billion, which again is just more than double 2021’s $19.3 billion. Except, is that the proper way to think of it? A dollar 115 years ago is worth more than a dollar today. A dollar in 1913 — the oldest date in the Bureau of Labor Statistics’ CPI inflation calculator — is worth $29.68 in today’s money.
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