SHELL PROFIT OF £6.1BN IS 'GROTESQUE'

Fury at figure after multinational cuts investment in renewables

- DAN VEVERS

OIL giant Shell has been accused of raking in "grotesque" profits while the planet burns after posting earnings of £6.1billion for the first three months of 2024.

The better-than-expected profits come despite millions of people continuing to struggle with energy bills, although they've fallen from their crisis peak.

Campaign group Global Witness said Shell's eyewatering profits of £46,600 per minute would be enough to cover the salary of every nurse in the country.

The oil and gas firm also doled out huge sums to shareholders, with £1.8billion paid out in dividends while investors made a further £2.2billion in repurchased shares.

Shell said its profits were up six per cent on the previous quarter and insisted it was "very pleased" with how its transition to green energy is going.