Shell’s logo on an oil silo, outside oil tankers at the company’s Pernis refinery in Rotterdam, Netherlands, on Sunday, October 23, 2022.
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majoring in oil and gas Cover said on Friday it expected to pay an additional $2 billion in new taxes for the fourth quarter in the European Union and the United Kingdom.
“The 22nd Q4 earnings impact of recently announced additional taxes in the EU (solidarity contribution)
and the deferred tax impact from the UK Energy Profit Tax increase is expected to be around $2 billion,” the company said in a trading update.
The company, which will release full fourth-quarter results on February 2, also said it expects a loss of between $550 million and $750 million in adjusted earnings for the period. The company said EU and UK taxes would not affect the adjusted earnings figures.
This is a developing news story and will be updated shortly.
