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Rachelle Abbott

The Leader podcast: Should Shell’s oil mega-profits fund struggling families?

Shell Oil British Petroleum

(Anna Gowthorpe/PA)
(Picture: PA Wire)

Shell has announced a shock jump in its profits - nearly triple what it was last year, which has sparked calls for a windfall tax on oil and gas giants to help families struggling with the cost-of-living squeeze.

The Standard reports on Thursday how Royal Dutch Shell published underlying profits of $9.1 billion (£7.2 billion) for the first financial quarter of this year.

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