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The Latest Breaking News from Shell

Evening Standard Comment: As Shell and BP make bumper profits, it could be time to consider a windfall tax

The timing is certainly awkward. Oil giant Shell has reported underlying profits of £7.2 billion in the first quarter of this year, up 43 per cent on the final three months of 2021, thanks to high oil and gas prices. It comes days after BP announced profits of more than…

Evening Standard

Shell's Q1 Profit Up 43% As High Oil Prices Offset Russia Exit

Shell Plc (NYSE:SHEL) reported a record Q1 profit of $9.13 billion, up 43%, boosted by higher oil and gas prices, stellar refining profits, and the strong performance of its trading division. The company reported the highest quarterly profit since 2008, even after writing down $3.9 billion post-tax due to its decision to…

Benzinga

What is a windfall tax? Ed Miliband attacks loopholes in oil and gas levy

The Shadow Climate Secretary said the figures show government “failure to act on the windfalls of war being pocketed by the oil and gas producers”

Evening Standard

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Shell reports record 1st-quarter earnings as oil prices soar

Energy giant Shell has reported record first-quarter earnings after a surge in oil prices

The Independent UK

Windfall tax: What is it, how would it work and how would consumers benefit?

Labour and the Lib Dems are calling for one; the Tories are resisting it. But how would it actually work?

Bristol Post

Shell fuels calls for windfall tax with record profits haul

First quarter underlying earnings came in at £7.2bn – nearly three times higher than a year ago

Insider UK

Record Shell profits spark fresh demand for Tories to back windfall tax

THE UK Government is under increasing pressure to introduce a windfall tax on energy giants after Shell announced mammoth first-quarter profits…

The National (Scotland)

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Call for huge tax on Shell as it makes £7.2bn profit in three months

On Tuesday, fellow FTSE 100 firm BP unveiled its highest quarterly underlying profits for more than a decade

Wales Online

FTSE 100 Live: Pound crashes on BoE outlook, rates hiked, Musk raises $7bn for Twitter bid, Shell profits soar

Interest rates reached 1% for the first time in 13 years today as Bank of England policymakers battle rampant inflation.

Evening Standard

Pound tumbles to two-year low as stagflation fears rise – as it happened

Sterling tumbles to lowest since June 2020 as Bank of England lifts interest rates to 13-year high, cuts growth forecasts, and sees inflation hitting 10%

The Guardian - UK

Shell profits soar to record £7bn as energy crisis leaves families unable to heat homes

Energy giant Shell today reported record profits as oil and gas prices continue to skyrocket around the world. It comes as Boris Johnson continues to rule out a windfall tax on oil firms despite calls for one from opposition parties

Daily Mirror

Bumper £7bn Shell profits fuel new windfall tax row

Huge profits announced thanks to soaring oil and gas prices amid calls for windfall tax

Evening Standard

Why the EU May Find it Tough to Squeeze Out Russian Oil

The European Union has proposed a phased embargo of Russian oil but may find it tricky to implement, given Europe's complex distribution network and challenges in tracking crude once it is blended or refined. The plan, if agreed by member states, would take effect in six months for crude, and…

Asharq Al-Awsat

Green demands for Avon Pension Fund to stop investing in fossil fuels sparks row

But the meeting heard it is not a "not a binary issue"

Bristol Post

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The Guardian - UK

Wednesday briefing: Would a windfall tax on BP’s soaring profits work?

In today’s newsletter: Nimo Omer breaks down BP’s enormous profits, and why some are calling for a windfall tax amid a cost of living crisis nationwide

The Guardian - UK

When will my Shell Energy smart meter become smart again?

A reader’s gas and electricity meters lost connectivity days before the tariff increase

WEKU

A new kind of 'mining' has arrived in the Ohio Valley. What will crypto mean for the region?

But Blockware Mining isn’t alone in Kentucky. As the technology takes off, a cryptocurrency mining boom is taking place in the state that’s known for mining coal. It’s a burgeoning industry that investors see as a cutting-edge economic opportunity. But critics say it’s compounding the world’s preeminent crisis – climate…

Tribune News Service

Gulf of Mexico oil drilling makes too-little, too-late comeback

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.

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The Guardian - UK

Rate of UK dividend growth far outstripping wage increases, says report

Thinktank says workers would have £2,100 a year more on average if wages over past two decades matched shareholder payout rises

The Guardian - UK

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

InsideEVs

ABB And Shell Sign New Global Framework Agreement On EV Charging

ABB E-mobility and Shell announced that are taking their collaboration to the next level with a new global framework agreement (GFA), related to EV charging.

Bristol Post

M5 service stations: The best and worst rated by TripAdvisor reviews

Customers have ranked the best service stations on the motorway for those driving this bank holiday weekend

The Guardian - UK

Oil and gas industry defends North Sea spending levels as Kwarteng urges more

Business secretary calls for increased investment by energy producers to avoid being hit with tax on soaring profits

Glasgow Live

British Gas, Bulb, EDF, Octopus: Full list of new energy prices and financial support available

Millions of households have been hit with high energy bills after the price cap forced an increase of 54 per cent earlier this year. Here are all the latest energy prices and support available.

Insider UK

Shell fined £50,000 by North Sea regulators

Energy giant served with sanction notice for breaching five oil field consents

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