Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Robbie Purves & Patrick Daly

What is a windfall tax? How it works as energy giants announce record profits

Oil companies raking in huge profits while millions fret over soaring energy prices has not been a good look for the oil and gas sector.

The easing of coronavirus restrictions followed by the war in Ukraine has sent wholesale energy costs spiking.

The result has been record takings for oil companies, but pain for householders as energy bills go through the roof.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.