Profits at world’s seven biggest oil firms soar to almost £150bn this year Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year The Guardian - UK · Oct 27, 2022
As invasion of Ukraine continues, western nations need to tax war profiteers’ windfalls Households and businesses hit by higher prices caused by the conflict should be helped by companies that have benefited The Guardian - UK · Oct 27, 2022
The Guardian view on Shell’s profits: enabling climate and inequality emergencies Editorial: Britain is in trouble if Rishi Sunak says it’s difficult to choose between cutting public services and taxing excessive energy profits The Guardian - UK · Oct 27, 2022
World close to ‘irreversible’ climate breakdown, warn major studies Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits The Guardian - UK · Oct 27, 2022
Even Shell can see it is earning too much from this crisis – the energy market needs a profits cap The government could be doing so much more to protect consumers, says former BP executive Nick Butler The Guardian - UK · Oct 27, 2022
Oil giant Shell posts extra profit while households struggle to pay energy bills Shell is on course for its most profitable ever year and made more than double the profit it did for the same period last year Chronicle Live · Oct 27, 2022
£8 billion Shell profits fuel new windfall tax call Economics is not a morality play. Don’t take my word for it – Paul Krugman said it first. In a 2010 blogpost I for some reason never forgot (alongside a host of random Arsenal scores from the early 2000s and Taylor Swift bridges), he wrote: Evening Standard · Oct 27, 2022
Why are energy companies’ profits doubling in a cost of living crisis? Shell’s takings hit £8.2bn in third quarter as domestic bills soar The Independent UK · Oct 27, 2022
The Standard View: The case for a windfall tax extension grows stronger Despite the cost-of-living crisis, Just Stop Oil protests and an eerily warm autumn, this is a propitious time to be an oil and gas giant. Shell has announced that its adjusted earnings have more than doubled to £8.3 billion in the three months to the end of September, compared with… Evening Standard · Oct 27, 2022
Calls for 'meaningful' windfall tax as energy giant's profits soar THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record. The National (Scotland) · Oct 27, 2022
£8bn Shell profits fuel new windfall tax call Pressure on PM to act after £1,000-a-second profits as families face up to winter crisis Evening Standard · Oct 27, 2022
Shell reports more than double profits as shareholders get huge payout The oil giant previously promised that 2022 would be its most profitable year ever Manchester Evening News · Oct 27, 2022
Shell 3Q earnings double, stir debate on energy profit tax Shell’s earnings have more than doubled in the third quarter The Independent UK · Oct 27, 2022
Shell boasts profits of £8.2bn in three months as energy crisis continues The oil and gas company made huge profits through its gas business, which offset the fall in oil prices Wales Online · Oct 27, 2022
The National (Scotland) · Oct 27, 2022 Shell more than doubles third-quarter profit as energy bills soar OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.
Evening Standard · Oct 27, 2022 Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi It comes after Shell announced it had added $10 billion in extra profit to its balance sheet
The Guardian - UK · Oct 27, 2022 Shell paid zero windfall tax in UK despite record global profits Labour calls for ‘proper windfall tax’ on oil and gas while TUC describes profits as ‘obscene’
The Independent UK · Oct 27, 2022 Labour calls for windfall tax as Shell profits double during bills crisis TUC said energy giant’s profits are ‘obscene’ and Britons are being ‘fleeced’
The Guardian - UK · Oct 27, 2022 Shell says it has not paid any windfall tax; European Central Bank hikes rates by 75 basis points – as it happened Oil giant expects not to pay levy in 2022 because of North Sea investment relief; ECB doubles key interest rate to highest level in over a decade
Daily Mirror · Oct 27, 2022 Shell profits more than DOUBLE to huge £8billion as Brits struggle against sky-high bills Shell profits more than doubled to $9.45billion (£8billion) between July and September - up from the $4.2billion the energy giant recorded the same time last year
Evening Standard · Oct 27, 2022 FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips Amazon’s slide in value and Elon Musk’s Twitter takeover have led to a dramatic few hours in Wall Street’s Big Tech sector.
Asharq Al-Awsat · Oct 23, 2022 QatarEnergy Names Shell Partner for LNG Expansion Project QatarEnergy's chief executive on Sunday named Shell a partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for…
The Independent UK · Oct 21, 2022 Ruling could mean trials against Big Oil over state wetlands Federal judges have ordered a 9-year-old lawsuit against oil and gas companies over damage to Louisiana wetlands to be returned to state court for trial
Financial Times · Oct 20, 2022 ‘Put up or shut up’: can Big Oil prove the case for carbon capture? Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle
Manchester Evening News · Oct 19, 2022 How to get money-off your next energy bill - support grants with British Gas, Shell, EDF, E.ON and more Depending on the provider, households can get up to £1,500 as well as help paying off debts which is needed now the government has made a U-turn on plans