Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living.
London-based Shell said adjusted earnings — which exclude one-time items and fluctuations in the value of inventories — rose to $9.1 billion from $3.2 billion in the same period last year. That beat analyst expectations of $8.2 billion.
