Shell to pay $2 billion in additional EU, UK taxes for the fourth quarter

Oil and state large Shell said Friday it expects to wage an other $2 cardinal successful caller taxes for the 4th fourth successful the European Union and U.K.

"The Q4'22 net interaction of precocious announced further taxes successful the EU (the solidarity contribution)
and the deferred taxation interaction from the accrued UK Energy Profits Levy is expected to beryllium astir $2 billion," the institution said successful a trading update.

The company, which volition merchandise its afloat fourth-quarter results connected Feb. 2, besides said it expects betwixt $550 cardinal and $750 cardinal of losses successful adjusted net implicit the period. The EU and UK levies volition not impact the adjusted net figures, the institution said.

This is simply a processing quality communicative and volition beryllium updated shortly.