Shell
Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the fourth quarter, but still sees strong earnings from natural gas trading for the period.
The impact of the windfall taxes won’t affect adjusted earnings and will have a limited effect on cash because of the timing of the payments, the company said in a market update on Friday. Shares advanced 1.5% in early London trading.
Source: https://www.barrons.com/articles/shell-oil-gas-windfall-tax-stock-earnings-51672999551?siteid=yhoof2&yptr=yahoo