- Sony wants to improve PlayStation profit margins with more aggressive PC release strategy | VGC Video Games Chronicle
- Sony Boss Says PlayStation Has ‘Room for Improvement’ When It Comes to Cutting Development Costs IGN
- Sony chairman says PlayStation’s studios are full of “great creative minds” but need to understand business better Gamesradar
- PlayStation Chairman: There’s Room for Improvement When It Comes to Business Push Square
- PlayStation Wants to Improve Operating Profit with a More Aggressive PC First-Party Games Release Plan Wccftech
Tag Archives: profit
Target’s closures from crime protect profit but at communities’ expense – Star Tribune
- Target’s closures from crime protect profit but at communities’ expense Star Tribune
- Target announces major policy change with Homeland Security to combat theft as shoplifting scourge… The US Sun
- Target closing stores, 3 dead in Roseville, MN boy’s viral alien abduction costume: This week’s top stories FOX 9 Minneapolis-St. Paul
- As retailers close stores due to shoplifting, are the concerns real or overblown? PBS NewsHour
- Former Best Buy CEO speaks out about mass Target closures across America and weighs in on rampant retail… The US Sun
- View Full Coverage on Google News
Big Budgets, Big Headaches: Why ‘Indiana Jones 5’ and ‘Mission: Impossible 7’ are Struggling to Make a Profit – Variety
- Big Budgets, Big Headaches: Why ‘Indiana Jones 5’ and ‘Mission: Impossible 7’ are Struggling to Make a Profit Variety
- Despite Releasing 10 Days Before, Tom Cruise’s Mission Impossible 7 Breaks Box Office Milestone Oppenheimer Cleared More Than a Week Ago FandomWire
- Mission Impossible 7 Box Office Passes Major Milestone (But Is It Enough?) Screen Rant
- Mission: Impossible 7 Shows Grit as It Crosses $500 Million at Global Box Office CBR – Comic Book Resources
- Mission Impossible: Dead Reckoning Part One crosses $500 mn at global box office Hindustan Times
- View Full Coverage on Google News
Berkshire Hathaway stock scales record as operating profit tops $10 bln – Reuters
- Berkshire Hathaway stock scales record as operating profit tops $10 bln Reuters
- Berkshire shares hit all-time high as investors cheer strong earnings, Buffett’s near-record cash pile CNBC
- Berkshire Operating Earnings Rise on Insurance Strength Bloomberg Television
- Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand Fortune
- Berkshire Hathaway reports strong Q2 earnings; Inflation data to watch; Campbell Soup to buy Rao’s Yahoo Finance
- View Full Coverage on Google News
ConocoPhillips misses on quarterly profit, hikes full-year output forecast marginally – Yahoo Finance
- ConocoPhillips misses on quarterly profit, hikes full-year output forecast marginally Yahoo Finance
- Clorox earnings, Etsy guidance, ConocoPhillips revenue: Trending tickers Yahoo Finance
- ConocoPhillips Reports Second-Quarter 2023 Results; Raises Full-Year Production Guidance and Declares Quarterly Dividend and Variable Return of Cash Distribution ConocoPhillips
- ConocoPhillips Misses Earnings Expectations Despite Record Production Investopedia
- ConocoPhillips stock falls after profit, revenue miss expectations as realized prices tumbled 38% MarketWatch
- View Full Coverage on Google News
Indiana Jones And The Dial Of Destiny Could Struggle To Make A Profit After $60 Million Debut – GameSpot
- Indiana Jones And The Dial Of Destiny Could Struggle To Make A Profit After $60 Million Debut GameSpot
- ‘Indiana Jones and the Dial of Destiny’ Misses One Crucial Element From the Originals Inverse
- Box Office: ‘Indiana Jones and the Dial of Destiny’ Cursed With $60M Domestic Opening Yahoo Entertainment
- Indiana Jones And The Dial Of Destiny buries the weekend box office, which is somehow disappointing The A.V. Club
- All 5 Indiana Jones Movies Ranked, Including ‘Dial of Destiny’ Hollywood Reporter
- View Full Coverage on Google News
Warner Bros. Discovery Swings to $50M Streaming Profit, Says U.S. Streaming Business Will Be Profitable for 2023 – Hollywood Reporter
- Warner Bros. Discovery Swings to $50M Streaming Profit, Says U.S. Streaming Business Will Be Profitable for 2023 Hollywood Reporter
- Warner Bros. Discovery CEO David Zaslav explains how it turned a $50 million streaming profit in Q1 CNBC Television
- Warner Bros. Discovery reports big overall loss even as streaming turns a profit CNBC
- What to expect in Warner Bros. Discovery’s Q1 earnings amid Hollywood writers’ strike Yahoo Finance
- Warner Bros. Discovery: Should You Throw In The Towel On Disappointing Q1 Earnings? (WBD) Seeking Alpha
- View Full Coverage on Google News
GameStop Shares Surge After It Posts Surprise Profit – The Wall Street Journal
- GameStop Shares Surge After It Posts Surprise Profit The Wall Street Journal
- GameStop stock soars after retailer posts first quarterly profit in two years CNBC
- GameStop stock ‘volatility is still there’ while short positions have eased: Analyst Yahoo Finance
- Latest Stock Market News Today: Yellen vows bank support, First Republic stock in focus, Tesla shares jump, Nike and GameStop report quarterly earnings. | March 21, 2023 | Live Updates from Fox Business
- GameStop posts first quarterly profit in two years, shares surge CNBC Television
- View Full Coverage on Google News
Majority Of Dogecoin Holders In Profit, While 67% Of Shiba Inu Owners Are Underwater – Benzinga
- Majority Of Dogecoin Holders In Profit, While 67% Of Shiba Inu Owners Are Underwater Benzinga
- New Meme Coin Dogetti is Set to Surpass Dogecoin and Shiba Inu! Analytics Insight
- Most Dogecoin (DOGE) Holders in Profit As Over 65% of Shiba Inu (SHIB) Owners Languish Underwater: IntoTheB… The Daily Hodl
- Dogecoin (DOGE) and Shiba Inu on the slide: plummeting since last week, while TMS Network’s (TMSN) Bitcoinist
- Dogetti Presale Crosses the Quarter-million Mark As Dogecoin and Dogelon Mars Users Troop to the New Project Analytics Insight
- View Full Coverage on Google News
Shell posts profit of nearly $40 billion and announces $4 billion in buybacks
Hong Kong/London
CNN
—
Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine.
Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday — more than double the $19.3 billion it posted in 2021 — driven by a strong performance in its gas trading business. The company’s stock was up 1.7% in London.
The company reported $9.8 billion in profit in the fourth quarter. Just over 40% of Shell’s full-year earnings came from its integrated gas business, which includes liquified natural gas trading operations.
Shell CEO Wael Sawan said the 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.”
The earnings are the latest in a series of record-setting results by the world’s biggest energy companies, which have enjoyed bumper profits off the back of soaring oil and gas prices.
ExxonMobil this week posted record full-year earnings of $59.1 billion. Last month, Chevron
(CVX) reported a record full-year profit of $36.5 billion.
That has led to renewed calls for higher taxation. Governments in the European Union and the United Kingdom have already imposed windfall taxes on oil company profits, with the proceeds used to help households struggling with rising energy bills.
Shell said it expected to pay an additional $2.3 billion in tax related to the EU windfall tax and the UK energy profits levy. The company paid $13 billion in tax globally in 2022.
Shell
(RDSA) also announced another $4 billion share buyback program and confirmed it would lift its dividend per share by 15% for the fourth quarter.
— This is a developing story and will be updated.