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The Latest Breaking News from Shell

Fury as Shell rakes in record $9.6bn first quarter ‘profit bonanza’

Shell’s ‘profiteering bonanza’ fuelled calls for a tougher windfall tax on oil giants accused of cashing in on soaring energy prices

The Independent UK

Shell’s £8 billion profit stokes calls for more taxes as it makes £58,000 a minute

Anglo-Dutch oil major to return £3.2 billion to investors

Evening Standard

First Thing: drones hitting Odesa in Ukraine daubed with ‘for the Kremlin’

Ukraine downs 18 drones, two of which are found to carry pro-Russian slogans, as Ukrainian residents prepare for curfew after night of heavy shelling. Plus, the dazzling, troubling history of California superbloom tourism

The Guardian - UK

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Labour and SNP slam Tories after Shell profits are £1.4bn more than expected

Labour Shadow Scotland Secretary Ian Murray said the profits were 'unearned' and called for a 'proper windfall tax' on large oil and gas companies.

Daily Record

Shell posts $9.6 billion profit even as energy prices slide

Global energy giant Shell says it earned nearly $10 billion in the first quarter, becoming the latest fossil fuel company to post strong financial results despite sliding oil and gas prices

The Independent UK

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

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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

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

FTSE 100 Live: US regional bank shares tumble further; ECB signals further rate hikes to come; FTSE down 1.2%

Next, Shell and BAE Systems have posted updates today in a session when another major central bank is expected to hike interest rates.

Evening Standard

Tim Cindric, Tony George to be inducted into IMS Hall of Fame

Cindric and George were chosen from a ballot of 14 nominees by a national panel of more than 150 journalists, participants, and historians, and their induction will be celebrated at a ceremony and dinner presented by Shell and supported by The National Bank of Indianapolis on May 26.

Motorsport

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

The Guardian - UK

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

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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

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.

France 24

US Supreme Court ruling could turbocharge lawsuits against oil companies

A US Supreme Court ruling this week is set to open the floodgates for climate lawsuits against fossil fuel companies that have been blocked for years by jurisdictional disputes. The decision comes on the heels of a bumper year for global climate litigation in 2022 and ahead of major climate…

Motorsport

Blasting around Long Beach in The Beast, Honda’s rolling hybrid laboratory

The car is a one-off build – which looks like a reimagining of a Group B rally car – and was conceptualized by the engineering brainboxes at Honda Performance Development in Santa Clarita, California.

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Insider UK

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

The Guardian - UK

BP facing green rebellion at annual shareholder meeting

Some of UK’s biggest pension funds preparing to demand tougher plans to reduce emissions by 2030

The National (Scotland)

Striking oil and gas workers set to cause Shell and BP 'severe' problems

OIL and gas workers are set to stage a rally in Aberdeen on Monday, as part of a “tsunami” of strikes causing “severe’ problems for…

Fortune

Ukraine says Shell is taking 'blood money' from a Russian energy company

Ukraine officials accuse Western energy companies of profiting from the war, and have ideas for how to fix it.

Manchester Evening News

This petrol station has gone viral on TikTok for its incredible snacks - and people can't believe it's in Oldham

It really has raised the game when it comes to petrol station scran, so it comes as no surprise that TikTok has gone wild for it

The Guardian - UK

Exxon CEO’s pay rose 52% to nearly £30m amid Ukraine war, figures show

Darren Woods’ pay is ‘reflective of record company earnings and stock price performance’, says oil firm

The National (Scotland)

Permanent oil pollution of Scottish waters revealed for first time

Oil slicks off the coasts of Aberdeen and Shetland have been identified in a report revealing thousands of tonnes of spills into UK waters from oil…

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