The oil giant says it expects to pay tax in the UK due to the Energy Profits Levy.
Shell did not break down how the $2bn hit to its earnings in the final months of 2022 would be split between the UK and the EU.
With households being hit by soaring energy bills, the government came under pressure to help and introduced a windfall tax on the profits of firms to help fund a scheme to restrict gas and electricity bills.They pay 30% corporation tax on their profits as well as a supplementary 10% rate. On top of that, they now pay the windfall tax taking their total tax rate to 75%.
Despite having to pay higher taxes, Shell remains on track for bumper annual profits for 2022 after reporting profit of $30bn for the first nine months of last year.
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