British energy giant Shell said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2-billion.
Energy prices soared following the invasion of Ukraine by key oil and gas producer Russia.LONDON - British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2-billion.
Energy prices soared following the invasion of Ukraine by key oil and gas producer Russia, contributing heavily to decades-high inflation worldwide. Shell said in a statement Friday that the impact on fourth-quarter earnings of the EU and UK windfall taxes"is expected to be around $2 billion".
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