The British company Shell announced that it achieved huge profits from trading American oil, but it did not reveal the precise financial details of its business in this sector.

According to documents in a lawsuit filed by a former employee of the company, US oil trading generates $1 billion annually for Shell.

The testimony of a former head of Shell's US oil trading department reveals the huge profits of these operations, and the large bonuses granted to traders.

Shell's crude oil trading unit is responsible for 13% to 15% of the company's total pre-tax profits in the United States.

In 2022, Shell achieved pre-tax profits of more than $7 billion in the United States, while CEO Wael Sawan's bonus reached 7.9 million pounds ($10.12 million) in 2023.

Shell expects a decrease in liquefied gas trading profits in the first quarter of 2024, while oil trading profits are expected to increase. Shell is facing criticism from some investors for not disclosing details of its profits from oil and gas trading.

This information comes as oil and gas companies face increasing pressure due to rising energy prices and climate change.