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The Latest Breaking News from British Petroleum

Oil giants 'practically untouched' by windfall tax as Shell announces bumper profits

OIL giants Shell, Equinor and BP have announced multi-billion pound profits, sparking calls for tougher windfall taxes on fossil fuel companies.

The National (Scotland)

Shell makes nearly £1.4 billion more than expected

Oil giant will buy back shares worth £3.2bn from investors over the next three months

Insider UK

ECB’s Lagarde says some firms have taken advantage of inflation to lift profit margins, after raising interest rates – as it happened

European Central Bank has lifted its key interest rates by a quarter of one percent

The Guardian - UK

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Shell makes nearly £1.4bn more than expected in first three months

The business joined its rival BP in reporting expectations-beating results

Wales Online

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Figure easily beats predictions and comes despite fall in oil and gas price

The Guardian - UK

Could've, should've

Re: "Thaksin's tweet sparks debate", & "In Quote", (BP, May 2).

Bangkok Post

Democrats still aim to probe oil giants’ climate-change knowledge - Roll Call

Senate Democrats aim to continue a House investigation into the oil industry's so-called supermajors and what they knew about climate change.

Roll Call

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Morning Mail: Liberals accused of flirting with ‘far-right fringe’ over voice, rocketing rents, BP’s ‘heinous’ profits

Mark Dreyfus accuses Michaelia Cash after her appearance on controversial Sky News segment

The Guardian - AU

BP profits explained and where that money goes

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

The Independent UK

BP makes £4bn in three months as Labour's calls for windfall tax are fuelled further

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Daily Mirror

Calls for ‘loophole’ to be closed as BP profits are £500m ahead of expectations

Enormous earnings are the ‘unearned, unexpected windfalls of war’, says Labour shadow energy secretary Ed Miliband

The Independent UK

SNP and Labour slam Tories after BP profits are £500m more than expected

The oil giant said it made just under £4 billion in underlying replacement cost profit between January and March.

Daily Record

BP posts $5B quarterly profit on strong oil and gas trading

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off

The Independent UK

BP reports blockbuster profit for the first quarter but slows from 2022’s record-breaking pace

Shares in the FTSE 100 oil major fall as rate of share buybacks also eases

Evening Standard

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France 24

Yellen warns of looming June 1 US debt ceiling deadline

US Treasury Secretary Janet Yellen has written to congressional leaders warning that the federal government could run out of cash as early as June 1, unless they agree on raising the debt limit or suspending it. President Joe Biden has invited Republican House leader Kevin McCarthy for talks on May…

Insider UK

BP profit more than £500 million higher than expected

Just under £4bn of profit was reported between January and March, due to strong performance in oil trading

The National (Scotland)

Oil giant BP profit more than £500m higher than expected

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

Wales Online

Oil giant BP makes £4bn profit in three months despite rise in fuel prices

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

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The Guardian - UK

BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year

Evening Standard

FTSE 100 Live: FCA unveils new rules to make London listings more attractive

The FTSE 100 index today regained lost ground during a busy session for blue-chip updates.

The Guardian - UK

Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK households

Daily Mirror

Energy giants raking in £60 million a DAY in profit as Tories ignore windfall tax demands

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

Daily Mirror

Energy giants raking in £60 million A DAY in massive Tory tax fail

Firms including BP and Shell are this week set to announce profits of more than £10billion since the start of the year

The National (Scotland)

North Sea oil and gas profits must be reinvested in Scotland, SNP say

The SNP has said profits from North Sea oil and gas must be reinvested in Scotland, accusing Westminster of “hoarding” Scotland’s…

Daily Record

Energy fat cats like BP and Shell should pay more tax amid record profits

Record View says the poor just keep getting poorer and that a fair tax system which ensured energy giants pay their proper share would go a long way to lessening this inequality.

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