Shell Rakes in $9.1 Billion in First Quarter. What Does It Mean for the Rising Cost of Living? Posted byMadeline Garfinkle May 5, 2022 Leave a comment on Shell Rakes in $9.1 Billion in First Quarter. What Does It Mean for the Rising Cost of Living? Shell reported record high earnings of $9.13 billion in the first quarter of 2022, prompting action from lawmakers to impose higher taxes on gas companies to aid those struggling amidst rising prices.