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Shell and Centrica post profits totalling £11bn as households struggle with bills

British Gas owner reinstates dividends after operating profits of £1.3bn, while Shell reports £10bn profit between April and June

Shell made record profits of nearly £10bn between April and June and promised to give shareholders payouts worth £6.5bn as the oil supermajor benefited from the surge in energy prices prompted by Russia’s invasion of Ukraine.

The FTSE 100 company made adjusted profits of $11.5bn (£9.5bn) during the second quarter of the year, beating its previous high – set between January and March – by 26%. The profits were more than double the same period in 2021, and higher than expected by analysts.

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