Shell made $9.65bn in profit during the first three months of 2023 – its highest ever first-quarter return

Adjusted earnings, $bn

12

$9.65bn

10

8

6

Pandemic hits

oil demand

4

2

0

Jan

2019

Jan

2020

Jan

2021

Jan

2022

Jan

2023

12

$9.65bn

10

8

6

4

2

Pandemic hits

oil demand

0

Jan

2019

Apr

Jul

Oct

Jan

2020

Apr

Jul

Oct

Jan

2021

Apr

Jul

Oct

Jan

2022

Apr

Jul

Oct

Jan

2023