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The Latest Breaking News from Shell

Rishi Sunak to extend windfall tax on energy firms as Shell bags £1k per second in profits

Shell - which also announced a new £3.4billion windfall for shareholders - is on track to surpass the record profit it made last year.

Daily Record

Biden urges oil companies to cut prices after Shell’s profit doubled

President Joe Biden criticized record energy company profits after Shell Plc announced it earned $9.5 billion in the third quarter, raised its dividend and expanded share buybacks.

Tribune News Service

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Guardian - UK

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As invasion of Ukraine continues, western nations need to tax war profiteers’ windfalls

Households and businesses hit by higher prices caused by the conflict should be helped by companies that have benefited

The Guardian - UK

The Guardian view on Shell’s profits: enabling climate and inequality emergencies

Editorial: Britain is in trouble if Rishi Sunak says it’s difficult to choose between cutting public services and taxing excessive energy profits

The Guardian - UK

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

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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

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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The Independent UK

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

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

Wales Online

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

The National (Scotland)

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.

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

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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

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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