The company reported adjusted earnings of $39.9 bn 32.2 bn for 2022, the highest in its 115 year history.
After Russia's invasion of Ukraine, energy firms have been making record profits, which has resulted in record profits for energy firms.
The profits have heaped pressure on firms to pay windfall taxes as households struggle with inflation.
The UK government introduced a windfall tax on firms' profits to help fund its scheme to lower gas and electricity bills last year.
After the end of the Covid lockdowns, oil and gas prices had begun to rise, but rose sharply after Russia invaded Ukraine, resulting in bumper profits for energy companies.
In March 2022, the price of crude oil climbed above $120 a barrel, but has fallen back since. Oil prices are below the level seen before the invasion of Ukraine.
Gas prices have been capped for consumers by the government.
Shell Chief Executive Wael Sawan said the firm's results show the strength of Shell's differentiated portfolio, as well as our capacity to deliver vital energy to customers in a volatile world. We believe that Shell is well positioned to be the trusted partner through the energy transition. Bill-payers are appalled to hear that Shell is still seeing sky-high profits, said George Dibb, head of the Centre for Economic Justice at IPPR. Instead of investing profits in the transition to net zero, they are spending billions on enriching their own shareholders and executives, announcing a further 3.2 billion share buybacks this morning. The sheer scale of the transfer of wealth from bill-payers to shareholders is inexcusable and requires action from the government.