Calls for a windfall tax on oil and gas giants intensified today after Shell posted record £7bn profits, just days after bumper earnings were revealed by rival BP.
Boris Johnson faces renewed demands to act as Brits face a cost of living crisis due to rising energy bills while firms rake in huge earnings.
Shell posted better-than-expected underlying earnings for the first three months of 2022, at 9.1 billion US dollars (£7.2 billion) – nearly three times the 3.2 billion dollars (£2.5 billion) reported a year earlier.
