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The Latest Breaking News from Shell

Editorial: Big Oil reaps record profits while the planet burns. California should curb its greed

Chevron, Shell, Exxon Mobil and other oil companies made more money than ever in 2022, showing just how massive a windfall they reaped as surging gas prices made it a struggle for drivers to afford filling up.

Los Angeles Times

Newgarden impressed by Chevy on 100% renewable Shell fuel

Two-time IndyCar champion Josef Newgarden says he’s been impressed with the Chevrolet’s driveability, and saw no loss in performance since the switch to renewable fuel.

Motorsport

‘It’s not who we are,’ wails British Gas. Sorry but when you’re using bailiffs to install meters, that’s exactly who you are

It’s not the only company filling its boots while poor people have to pay more for electricity. Luckily Grant Shapps is on hand to look busy, says Guardian columnist Marina Hyde

The Guardian - UK

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Shell announces highest profits in 115 years

Energy giant Shell made one of the biggest ever profits by a UK company last year as soaring oil and gas prices, after the Russian invasion of Ukraine, doubled its earnings to a record $39.9 billion dollars (£32.2 billion). The vast scale of the profit at the multinational, which supplies…

Evening Standard

Niger Delta communities file damage claim against Shell in London court

More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against energy giant Shell at the London High Court. It is the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries.

Radio France Internationale

Afternoon Update: national cabinet falls short on primary care, AMA says; US police kill again; and a Chinese spy balloon

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The Guardian - AU

Government must intervene to stop this energy price injustice

Record View says the Tories must introduce a proper windfall tax to heat our homes and subsidise energy costs.

Daily Record

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What the papers say – February 3

The heartache of a missing mum’s family features among the front pages.

The Independent UK

Over 11,000 Nigerians file complaint against oil giant Shell over pollution

In tonight's edition: More than 11,000 Nigerians sue oil giant Shell over pollution, damage caused by oil spills and loss of livelihood. Also, we speak to Kyle Walter, Head of US Investigations at Logically, about Russia's social media campaign to push pro-Kremlin messages on the continent. Finally, South Sudan gears…

France 24

Outrage as Shell, ExxonMobil rake in record profits

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also…

France 24

Morning Mail: Albanese’s voice pledge, Turnbull raises Aukus sovereignty risk, Shell profits double

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

The Guardian - AU

Shell company directors earned enough in 2021 to pay 390 nurses, as firm sees record profits

A look at those leading the oil and gas firm as it enjoys the largest profits in its 115-year-history

The Independent UK

Shell’s lack of ambition is maddening: it’s time to speed up transition to renewables

Even on the company’s broader metric, the greener stuff came out at only one-third of total expenditure

The Guardian - UK

Ed Miliband says local energy firms could be positive step despite Robin Hood collapse

The shadow climate change secretary was on a visit to Nottinghamshire when he questioned why there couldn't be companies such as "Mansfield Energy" set up in future.

Nottingham Post

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The Guardian - UK

Why is Shell’s UK windfall tax payment so low?

The oil major has posted the biggest profits in its history, nearly $40bn for 2022, but will only pay $134m in taxes

The Guardian - UK

Energy bailiffs for the poorest, huge profits for the richest: this is Britain in 2023

The British Gas scandal about vulnerable people being forced on to prepayment meters is just the latest cruelty in this crisis, says Guardian columnist Gaby Hinsliff

WEKU

Shell reports record profits as energy prices soar after Russia's invasion of Ukraine

Energy companies have been reporting blockbuster profits since last year, after Russia's invasion of Ukraine sent oil prices sharply higher.

Wales Online

See how long it will take Shell to earn your wage in just sheer profit

Oil giant has just recorded the highest profit in its 115-year history thanks to Putin’s invasion of Ukraine

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Al Jazeera

Nigerian communities file damages claim against Shell in UK court

The claims say oil spills resulting from Shell’s operations in the Niger Delta have endangered the lives of residents.

Evening Standard

The Standard View: Shell-sized profits are more than bad optics

The phrase “never let a good crisis go to waste” is often attributed to Winston Churchill, but it could also be a maxim for the energy giant, Shell.

The Independent UK

Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Shell should invest more of the money in the UK, Downing Street suggest

The Independent UK

How much UK tax does Shell pay after reporting record profits?

Oil giant’s bumper year revives calls for tougher windfall levy on energy companies

Daily Record

Shell profits branded 'sickening' as energy giant rakes in £68 billion in single year

Opposition parties have warned the UK Government's windfall tax does not go far enough.

ABC News

Shell profit doubles to record $56 billion in 2022 as war drives up energy costs

Global energy giant Shell has said that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine.

Reuters

Nigerian communities file damages claim against Shell in London court

More than 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries.

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