Shell Petroleum and Natural Gas Company has announced a record-breaking profit statement.

Despite the decision to exit Russia, Royal Dutch Shell PCL made a record profit due to high energy prices. The company announced that it decided to withdraw from projects in the country on February 28, 2022, after Russia's attack on Ukraine.

Shell, an international energy company based in the UK, stated that they made record profits in the first quarter due to the increase in oil and natural gas prices and the strong performance of commercial units. Shell reported a 43 percent increase in profit in the first quarter over the previous quarter, reaching $ 9.13 billion. Economists predicted that the corporation would make a $8.73 billion profit this quarter. In the same period the previous year, the company's earnings was $3.23 billion. Royal Dutch Shell PCL announced that dividend payments and share repurchases in the first quarter reached $5.4 billion, as part of its plan to make a total share repurchase of $8.5 billion in the first half of the year. Shell's dividend rose to 25 cents per share as expected.

They have decided to leave Russia.

The company announced that they decided to withdraw from the projects in the country on February 28, 2022, after Russia's attack on Ukraine. Following this decision, it was stated that the company would sell its 27.5% stake in the Sakhalin-II LNG facility, 50 percent each in the Salym Petroleum Development and Gydan energy venture, and leave its joint ventures in Gazprom and related institutions. As of the end of last year, Shell's current fixed assets in Russia stood at $3 billion, and this decision was estimated to hurt the value of Gazprom and other organizations.