The Latest Breaking News from Shell

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 · Oct 27, 2022

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 · Oct 27, 2022

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) · Oct 27, 2022

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) · Oct 27, 2022

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 · Oct 27, 2022

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 · Oct 27, 2022

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 · Oct 27, 2022

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 · Oct 27, 2022

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

Daily Mirror · Oct 27, 2022

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.

Evening Standard · Oct 27, 2022