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The Independent UK
The Independent UK
National
August Graham

Calls for tax ‘loopholes’ to be closed as Shell makes £1.4bn more than expected

Shell Oil United States Ed Davey Ed Miliband ​​Rishi Sunak Russ Mould AJ Bell
PA Wire

Shell became the latest oil major to beat forecasts on Thursday as an unexpected £1.4 billion boost pushed it to a record first-quarter result.

The Government faced further calls from opposition politicians and charities to close “loopholes” in its windfall tax as Shell said it made 9.6 billion US dollars (£7.6 billion) in adjusted earnings in three months.

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