bills to make up for costs incurred during the pandemic. thisjump in profits came despite falls in oil and gas prices which affected other energy firms. fossil fuel giant shell has said profits have fallen to $5 billion dollars that s around 3.9 billion pounds , in the second three months of the year as oil and gas prices fall. energy firms had been making record profits after russia s invasion of ukraine pushed up oil and gas prices. but wholesale prices have been falling from post invasion peaks. the firm said it had also been selling less fuel and making lower profits on refining. with me is the bbc s business reporter tadhg enright. with me the bbc s business reporter tadhg enright. most of the catlike shell profits going to be compared to mean that last yearfor going to be compared to mean that last year for the things. $5 billion injust one last year for the things. $5 billion in just one quarter of the year and still a massive amount on a sharp drop in last year and prices w
was due to the changes made by the energy regulator. ofgem had raised the allowance suppliers can claim from household bills to make up for costs incurred during the pandemic. fossil fuel giant shell has said profits have fallen to $5 billion dollars, that s around 5.9 billion, in the second three months of the year as oil and gas prices fall. energy firms had been making record profits after russia s invasion of ukraine pushed up oil and gas prices. but wholesale prices have been falling from post invasion peaks. the firm said it had also been selling less fuel and making lower profits on refining. our business reporter peter ruddickjoins us. $5 billion for shell sounds like a lot of money but put that into context for us. we lot of money but put that into context for us. lot of money but put that into context for us. we are nearly 18 months on context for us. we are nearly 18 months on from context for us. we are nearly 18 months on from the context for us. we are nearly 18