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The Latest Breaking News from Shell

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

£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

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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

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

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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 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)

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

Evening Standard

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 Guardian - 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 Independent 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

The Guardian - UK

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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.

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

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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

Salon

The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

Benzinga

What Are Whales Doing With Shell

Someone with a lot of money to spend has taken a bearish stance on Shell (NYSE:SHEL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Birmingham Post

Tyneside offshore specialist TechnipFMC seals deal worth more than £60m

The group's Newcastle and Houston firms have won an engineering, procurement, construction and installation contract with Shell

The Independent UK

Bomb threat leads to evacuation of Norway gas plant

A bomb threat against an gas processing facility in central Norway briefly forced the suspension of the production and the evacuation of workers from the site

The Guardian - UK

UK fracking and oil drilling good for environment, claims climate minister

Graham Stuart tells MPs that awarding more than 100 licences for North Sea drilling is a green policy

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