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The Latest Breaking News from Shell

World close to ‘irreversible’ climate breakdown, warn major studies

Key UN reports published in last two days warn urgent and collective action needed – as oil firms report astronomical profits

The Guardian - UK

Even Shell can see it is earning too much from this crisis – the energy market needs a profits cap

The government could be doing so much more to protect consumers, says former BP executive Nick Butler

The Guardian - UK

Oil giant Shell posts extra profit while households struggle to pay energy bills

Shell is on course for its most profitable ever year and made more than double the profit it did for the same period last year

Chronicle Live

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Energy giants' billions renew windfall tax debate

Paris (AFP) - The billions in profits announced by TotalEnergies and Shell on Thursday have revived the debate over windfall taxes on the thriving energy giants.

AFP

£8 billion Shell profits fuel new windfall tax call

Economics is not a morality play. Don’t take my word for it – Paul Krugman said it first. In a 2010 blogpost I for some reason never forgot (alongside a host of random Arsenal scores from the early 2000s and Taylor Swift bridges), he wrote:

Evening Standard

Why are energy companies’ profits doubling in a cost of living crisis?

Shell’s takings hit £8.2bn in third quarter as domestic bills soar

The Independent UK

The Standard View: The case for a windfall tax extension grows stronger

Despite the cost-of-living crisis, Just Stop Oil protests and an eerily warm autumn, this is a propitious time to be an oil and gas giant. Shell has announced that its adjusted earnings have more than doubled to £8.3 billion in the three months to the end of September, compared with…

Evening Standard

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Calls for 'meaningful' windfall tax as energy giant's profits soar

THE Scottish Greens have called for a more “meaningful” windfall tax as Shell reported its second highest quarterly profit on record.

The National (Scotland)

£8bn Shell profits fuel new windfall tax call

Pressure on PM to act after £1,000-a-second profits as families face up to winter crisis

Evening Standard

Shell reports more than double profits as shareholders get huge payout

The oil giant previously promised that 2022 would be its most profitable year ever

Manchester Evening News

Shell 3Q earnings double, stir debate on energy profit tax

Shell’s earnings have more than doubled in the third quarter

The Independent UK

Shell posts more bumper profits on high energy prices

London (AFP) - British energy giant Shell on Thursday announced net profit totalling $6.7 billion in the third quarter, as oil and gas prices remain strong despite recent slides on easing supply fears.

AFP

Shell boasts profits of £8.2bn in three months as energy crisis continues

The oil and gas company made huge profits through its gas business, which offset the fall in oil prices

Wales Online

Shell more than doubles third-quarter profit as energy bills soar

OIL giant Shell added almost $10 billion in extra profit as gas prices remained high.

The National (Scotland)

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Evening Standard

Rishi Sunak and Jeremy Hunt will examine extending windfall tax, says Cabinet minister Nadhim Zahawi

It comes after Shell announced it had added $10 billion in extra profit to its balance sheet

The Guardian - UK

Shell paid zero windfall tax in UK despite record global profits

Labour calls for ‘proper windfall tax’ on oil and gas while TUC describes profits as ‘obscene’

The Independent UK

Labour calls for windfall tax as Shell profits double during bills crisis

TUC said energy giant’s profits are ‘obscene’ and Britons are being ‘fleeced’

The Guardian - UK

Shell says it has not paid any windfall tax; European Central Bank hikes rates by 75 basis points – as it happened

Oil giant expects not to pay levy in 2022 because of North Sea investment relief; ECB doubles key interest rate to highest level in over a decade

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Daily Mirror

Shell profits more than DOUBLE to huge £8billion as Brits struggle against sky-high bills

Shell profits more than doubled to $9.45billion (£8billion) between July and September - up from the $4.2billion the energy giant recorded the same time last year

Evening Standard

FTSE 100 Live: Amazon shares plunge, gas prices plummet 60%, Euro dips

Amazon’s slide in value and Elon Musk’s Twitter takeover have led to a dramatic few hours in Wall Street’s Big Tech sector.

AFP

Europe faces long-term pain from energy crisis: Shell CEO

Doha (AFP) - Europe faces painful "industrial rationalisation" due to its energy crisis that risks political trouble, the head of Shell warned Sunday, as the oil giant joined a natural gas project in Qatar.

Asharq Al-Awsat

QatarEnergy Names Shell Partner for LNG Expansion Project

QatarEnergy's chief executive on Sunday named Shell a partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for…

The Independent UK

Ruling could mean trials against Big Oil over state wetlands

Federal judges have ordered a 9-year-old lawsuit against oil and gas companies over damage to Louisiana wetlands to be returned to state court for trial

Financial Times

‘Put up or shut up’: can Big Oil prove the case for carbon capture?

Lavish US tax breaks are transforming the case for technology that traps and stores CO₂. Critics say it is still a green boondoggle

Manchester Evening News

How to get money-off your next energy bill - support grants with British Gas, Shell, EDF, E.ON and more

Depending on the provider, households can get up to £1,500 as well as help paying off debts which is needed now the government has made a U-turn on plans

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