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The Latest Breaking News from Shell

Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

Radio France Internationale

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Daily Mirror

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

Financial Times

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BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

The Guardian - UK

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

Insider UK

BP profits more than double as pressure for greater windfall tax grows

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.

The National (Scotland)

BP profits double due to soaring oil and gas prices

It comes week after Shell announced it had doubled profits from same quarter last year

The Independent UK

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Jobs at risk as Morrisons shuts 132 McColl’s stores; calls grow for broader energy windfall tax – as it happened

Supermarket chain plans to close loss-making McColl’s stores, as it tries to regenerate business

The Guardian - UK

Activists warn gas leaks leave Qld groundwater at risk

Queensland's groundwater is at risk of being contaminated by leaks from rusting coal seam gas wells in the state's west, activists warn.

The New Daily

Rusting Qld gas wells leaked: activists

Queensland activists have obtained documents showing some coal seam gas wells have been leaking due to rust, which they say could be a widespread problem.

AAP

Biden accuses oil companies of ‘war profiteering’ as he warns of excess profit penalties

WASHINGTON — President Joe Biden on Monday urged major oil companies to stop “war profiteering” and use record profits to boost domestic production as the White House looks to curb rising fuel prices ahead of the midterm election.

Los Angeles Times

Major partnership between science centre Questacon and Shell to end after four decades

Climate campaigners welcome move as community pressure over fossil fuel sponsorships and advertising grows

The Guardian - AU

Brian Facer to step down as British Cycling chief executive

A statement from the national governing body said the decision had been reached by mutual agreement with the board.

The National (Scotland)

Energy support vouchers worth £25m are going unclaimed - how to redeem them

Time is running out to claim the discount, totalling £400 per household for those on prepayment meters

Manchester Evening News

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The Independent UK

British Cycling chief Brian Facer steps down with immediate effect

A statement from the national governing body said the decision had been reached by mutual agreement with the board

Nottingham Post

£25 million in energy support vouchers going unclaimed - how to redeem yours

The vouchers, totalling £400 per household, are for people on pre-payment meters but time is running out to claim them

The National (Scotland)

Campaigners fear millions in Just Transition funding is going towards wrong efforts

ENVIRONMENTAL campaigners have raised concerns that millions of pounds from the Scottish Government’s Just Transition Fund have been awarded to an…

Autosport

Supercars Gold Coast: Van Gisbergen wins crash-affected race

Shane van Gisbergen cruised to victory in a second Gold Coast race marred by a fiery early pile-up.

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Motorsport

Gold Coast Supercars: Van Gisbergen wins crash-affected race

Shane van Gisbergen cruised to victory in a second Gold Coast race marred by a fiery early pile-up.

The National (Scotland)

UK going ‘exactly wrong direction on every count’ in fighting global warming

NEW Prime Minister Rishi Sunak has been warned that urgent support is needed to help North Sea oil and gas workers transition to renewable…

Motorsport

Ferrari | Coppa Shell EU, Imola: Engstler powers to the front in Q2

Franz Engstler stamped his authority on the field in qualifying for the second race of the weekend in the Ferrari Challenge Coppa Shell with a lap time of 1m44.405s, which ultimately went unchallenged.

The Canberra Times

Questacon budget boost to exceed fossil fuel funding gap

$10 million delivered over two years more than covers the loss of Shell in December and Inpex in June next year, as the contracts come to an end.

Benzinga

This Is What Whales Are Betting On Shell

Someone with a lot of money to spend has taken a bullish stance on Shell (NYSE:SHEL). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Guardian - UK

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s

Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn

The Guardian - UK

Oil and gas firms are still making a killing – and No 10 is letting them

Rishi Sunak’s rushed 25% windfall tax is easy to minimise or avoid – and it could be replaced

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