Shell Plc (NYSE:SHEL) expects to pay about $2 billion in windfall profits taxes to the EU and the UK in the fourth quarter
Shell Plc (NYSE:SHEL) The Q4’22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy is expected to be around $2 billion. These impacts will be reported as identified items and therefore will not impact Q4’22 Adjusted Earnings and will have limited cash impact in Q4’22 given the expected timing of payments.