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The Latest Breaking News from Shell

Namibia launches sovereign wealth fund following oil discoveries

There have been two major oil finds in the southern African country this year.

Al Jazeera

Salmonella fears spark recall of over 100 products from Aldi, Tesco, Waitrose, M&S, Sainsbury's, Tesco and more

Full list of recalled products by supermarket

Wales Online

Phillips 66 and Shell unite on Humber to drive carbon capture technology across global refining sector

International engineering giant Worley will bring together technology and infrastructure as part of Energy Estuary's Net Zero ambition

Birmingham Post

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Energy prices: what is a windfall tax and how would it work?

All you need to know about a possible one-off levy on North Sea energy profits

The Guardian - UK

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

The Guardian - UK

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

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Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

The Independent UK

‘Overwhelming need’ for windfall tax on energy firms - Tesco chair

Comments come ahead of the Queen's speech at the opening of Parliament

Insider UK

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

Birmingham Post

Tesco customers are asking till staff to stop scanning when they hit set amount

The chairman of the supermarket giant says shoppers are 'extremely stretched'

Wales Online

FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more

FTSE 100 companies plan to return £37 billion to investors this year

Evening Standard

Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call

Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’

Evening Standard

Windfall tax on oil giants won’t hurt British pensioners, thinktank finds

Review by Common Wealth reveals that UK pension funds hold tiny fraction of Shell and BP shares

The Guardian - UK

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The Guardian - US

Louisiana legislator pushes bills benefiting the oil and gas industry — and her husband

Internal emails show Louisiana state senator Sharon Hewitt worked on a bill with a company that had financial ties to her spouse

The Guardian - UK

‘Don’t tax energy giants – they invest in Britain’s future.’ Let’s drill down into that

North Sea developments aren’t about lowering bills or securing energy supplies – they’re just business as usual, says Tessa Khan, director of Uplift UK

The Independent UK

Why are Shell’s profits so high?

Oil giant reveals underlying earnings tripled at start of this year

Evening Standard

The Leader podcast: Should Shell’s oil mega-profits fund struggling families?

Shell has announced a shock jump in its profits - nearly triple what it was last year, which has sparked calls for a windfall tax on oil and gas giants to help families struggling with the cost-of-living squeeze.

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Chronicle Live

Shell and BP reveal record profit margins fuelling calls for windfall tax on oil and gas firms

Lib Dem leader Sir Ed Davey says it's "completely unforgivable" that the Government is yet to tax the super-profits of energy companies

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 5

CNBC

Daily Mirror

Calls for windfall tax grow as oil and gas giant Shell's profits soar to £7bn

Boris Johnson faces renewed demands to act as Brits face a cost of living crisis due to rising energy bills - while firms rake in massive earnings

Evening Standard

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…

Benzinga

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…

Evening Standard

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”

The Independent UK

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

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