⛽Shell has revealed record profits of more than £7 billion in the first three months of the year
The oil and gas “supermajor” made a higher than expected $9.1 billion between January and March, almost triple the level of last year and 43 per cent up on the previous quarter. The scale of Shell’s profits — the most it has earned in a quarter — immediately triggered fresh demands for the Government to levy a one-off tax to raise money to ease the cost-of-living crisis. It follows the £5 billion surplus made by rival BP in the same period announced earlier this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell profits soar to $9.1bn amid calls for windfall taxRecord quarter piles pressure on government to issue one-off levy to curb rising energy bills
Read more »
Soaring energy prices push Shell profits up to highest level in 14 years\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Shell profits soar to $9.1bn amid calls for windfall taxRecord quarter piles pressure on government to issue one-off levy to curb rising energy bills
Read more »
PM rules out windfall tax despite BP reporting pre-tax profits of £5bnBORIS Johnson last night ruled out a windfall tax again – despite BP reporting vast pre-tax profits of £5billion yesterday. The PM insisted it would put jobs at risk and hurt investment at th…
Read more »
Analysis: Why the case for a windfall tax on oil company profits is growing strongerBP and others stand to benefit from high prices, even as they face large costs from exiting Russia, writes Ben Chapman
Read more »
The Lex Newsletter: windfall energy profits are widespread but hard to tax\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »