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The Latest Breaking News from British Petroleum

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

The Guardian - UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

The Independent UK

No help, no care, no support – and now no bank

Letters: The prime minister should reflect on the definition of ‘quality of life’ and give some help to pensioners, writes Jenny Lumley. Plus letters from Dr Nick Pratt, Gordon Glassford and Carolyn Sutton

The Guardian - UK

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Tesco boss reveals heart-breaking request from customers as staff scan shopping

The revelation comes as households continue to feel the financial squeeze

Nottingham Post

Forgotten Gains: Man Scoops GBP 200K On Lottery After Forgetting He Bought Tickets

The 65-year-old winner comes from Oakland County in the US state of Michigan.

Zenger

Tesco customers' heartbreaking requests to staff as supermarket boss demands action over cost of living crisis

The Tesco boss raised alarming concerns over the number of customers who cannot afford food

Daily Record

‘Overwhelming need’ for windfall tax on energy firms - Tesco chair

Comments come ahead of the Queen's speech at the opening of Parliament

Insider UK

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Tesco customers are asking till staff to stop scanning when they hit set amount

The chairman of the supermarket giant says shoppers are 'extremely stretched'

Wales Online

Tesco customers 'are asking staff to stop scanning their food' as boss hits out

John Allan said customers are "extremely stretched" as costs soar

Manchester Evening News

FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more

FTSE 100 companies plan to return £37 billion to investors this year

Evening Standard

‘I don’t want to be a little Englander’ – Cornelia Parker on BP, bombs and becoming a German

She is a politically charged artist whose work can be literally explosive. Ahead of a huge show, Parker talks about ‘cartoon violence’, recreating a corridor in Parliament – and why she may apply for German citizenship

The Guardian - UK

BP: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from BP (NYSE:BP).

Benzinga

Windfall tax on oil giants won’t hurt British pensioners, thinktank finds

Review by Common Wealth reveals that UK pension funds hold tiny fraction of Shell and BP shares

The Guardian - UK

‘Don’t tax energy giants – they invest in Britain’s future.’ Let’s drill down into that

North Sea developments aren’t about lowering bills or securing energy supplies – they’re just business as usual, says Tessa Khan, director of Uplift UK

The Guardian - UK

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Evening Standard

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

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.

Chronicle Live

Shell and BP reveal record profit margins fuelling calls for windfall tax on oil and gas firms

Lib Dem leader Sir Ed Davey says it's "completely unforgivable" that the Government is yet to tax the super-profits of energy companies

Evening Standard

City comment: BP boss Bernard Looney is doing himself no favours on windfall tax

Bernard Looney is not doing himself any favours.

Daily Mirror

Calls for windfall tax grow as oil and gas giant Shell's profits soar to £7bn

Boris Johnson faces renewed demands to act as Brits face a cost of living crisis due to rising energy bills - while firms rake in massive earnings

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Evening Standard

Evening Standard Comment: As Shell and BP make bumper profits, it could be time to consider a windfall tax

The timing is certainly awkward. Oil giant Shell has reported underlying profits of £7.2 billion in the first quarter of this year, up 43 per cent on the final three months of 2021, thanks to high oil and gas prices. It comes days after BP announced profits of more than…

Evening Standard

What is a windfall tax? Ed Miliband attacks loopholes in oil and gas levy

The Shadow Climate Secretary said the figures show government “failure to act on the windfalls of war being pocketed by the oil and gas producers”

The Independent UK

Shell reports record 1st-quarter earnings as oil prices soar

Energy giant Shell has reported record first-quarter earnings after a surge in oil prices

Bristol Post

Windfall tax: What is it, how would it work and how would consumers benefit?

Labour and the Lib Dems are calling for one; the Tories are resisting it. But how would it actually work?

Insider UK

Shell fuels calls for windfall tax with record profits haul

First quarter underlying earnings came in at £7.2bn – nearly three times higher than a year ago

AFP

Shell profit up as high oil prices offset Russia hit

London (AFP) - British energy giant Shell on Thursday logged soaring first-quarter net profit as surging oil prices offset a sizeable charge linked to its Russia exit.

The National (Scotland)

Record Shell profits spark fresh demand for Tories to back windfall tax

THE UK Government is under increasing pressure to introduce a windfall tax on energy giants after Shell announced mammoth first-quarter profits…

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