British Gas owner Centrica resumes shareholder payout as bills rise

Summary by Ground News

British Gas owner Centrica enjoyed half-year profits five times higher than those in 2021's first six months, while Shell attributed its enormous numbers to higher prices, refining profits, and gas trading. Shell reported record profits of $11.5bn for the second quarter, more than double last year's figure. The oil giant had already smashed its own quarterly record at the start of the year. Shell attributed the enormous numbers to higher prices, refining profits and gas trading, though this was partly offset by lower liquefied natural gas trading.

2 months ago·London, United Kingdom

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BBC News

Energy giants see profits soar as bills rise

British Gas owner Centrica and Shell report huge profits, as UK households face even higher energy bills.

2 months ago·United Kingdom

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Reuters

Britain’s Centrica restores dividend as profits soar

Britain's largest energy supplier Centrica on Thursday reported a huge increase in first-half profit, boosted by asset sales and soaring energy prices, enabling it to restore its dividend.

2 months ago·United Kingdom

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The Guardian

‘An insult’: huge profits at Shell and Centrica cause outrage amid soaring energy bills

News of billion-pound profits comes after UK households warned average annual bill could hit £3,850 by 2023

2 months ago·London, United Kingdom

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The Independent

British Gas owner Centrica profits increase five-fold as energy bills soar

Company reinstates dividend after suspending it for three years

2 months ago·London, United Kingdom

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Daily Express

'Slap in the face' Fury as British Gas owner Centrica's profits soar five-fold

BRITISH GAS owner Centrica today sparked a backlash after announcing its half-year profit soared five-fold to £1.3billion amid soaring energy prices crippling households.

2 months ago·United Kingdom

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Daily Mirror

Shell and British Gas announce billions in profits as UK faces energy misery

Centrica, the parent company of British Gas, recorded an increase in operating profits to £1.34billion, while Shell saw its profits hit a new all-time high of £9.5billion

2 months ago·London, United Kingdom

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