16 February 2023
- Centrica saw a strong operational and financial performance in 2022, benefiting from a balanced portfolio
- Strong gas production and electricity generation against a backdrop of higher commodity prices and strong management of increased commodity volatility in Energy Marketing & Trading (EM&T)
- Closing adjusted net cash of £1.2bn at the end of 2022 compared to £0.7bn at the end of 2021
- The company invested over £200m in customer service, support and pricing, helping customers and communities through the energy crisis
- Paid ~£1bn in tax relating to 2022 profits
- 2022 full year dividend of 3.0p. Intention to extend existing £250m share buyback programme by an additional £300m.
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Results announcement
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“Our performance in 2022 demonstrates the benefits of our balanced portfolio and our strong balance sheet. The energy crisis and cost of living pressures have created a challenging environment for customers and communities, but we have been able to provide much needed stability and support”