Published 2 years ago

Shell posts record profit on high energy prices and trading boost

Summary by Ground News

The oil giant joined rival BP in posting better-than-expected underlying earnings for the first three months of 2022. It comes as calls mount from Labour and the Liberal Democrats for a windfall tax on oil and gas firms to help ease the cost-of-living crisis.Shell rivals, including BP and TotalEnergies have also reported a sharp rise in profits.

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BBC News

Shell profits nearly triple as oil prices surge - BBC News

The energy giant says pulling out of Russian oil and gas activities had cost the firm $3.9bn.

2 years ago·United Kingdom

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The Guardian

Shell profits soar to $9.1bn amid calls for windfall tax

Record quarter piles pressure on government to issue one-off levy to curb rising energy bills

2 years ago·London, United Kingdom

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CTV News

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

Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fuelling calls for the British government to impose a tax on energy companies' windfall earnings to help consumers struggling with the soaring cost of living.

2 years ago·Canada

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The Independent

Oil giant Shell profits nearly triple to £7.3 billion as fuel prices surge

Soaring earnings renew calls for windfall tax on oil and gas firms

2 years ago·London, United Kingdom

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Reuters

Shell posts record profit on high energy prices and trading boost

LONDON - Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of its trading division. First-quarter adjusted earnings rose 43% from the previous quarter to $9.13 billion, above an average analyst forecast provided by the company for a $8.67 billion profit. That compares with earnings

2 years ago·United Kingdom

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