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The Latest Breaking News from Shell

Drivers issued warning over buying fuel from Tesco, Asda, Morrisons and Sainsbury’s

Drivers have been warned of buying petrol and diesel from leading supermarkets as the RAC has criticised Tesco, Asda, Morrisons and Sainsbury's for not reducing their prices quicker.

Edinburgh Live

Revealed: BP’s ‘greenwashing’ social media ads as anger over fuel costs rose

Oil company spent £800,000 on social media influence ads after Labour proposed windfall tax

The Guardian - UK

Liz Truss defends not taxing obscene oil profits as she pledges NHS shake-up

The wannabe Prime Minister was challenged during a Sky News husting event over whether she would back a windfall tax on companies such as Shell, and said she would not apologise to Nicola Sturgeon

Daily Mirror

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British Gas, Shell, EDF, Scottish Power and more issue latest update on energy crisis

The energy giants have spoken out on what they are doing to ease the concerns of customers who can't pay their bills

Manchester Evening News

Shell to give staff 8 per cent bonus following sky-high profits

Only executive vice president level or higher employees will miss out on the taxable pay bonus

Manchester Evening News

Shell hands staff big bonuses after energy firm reports record profits

It comes as gas prices have risen significantly across Europe following Russia’s invasion of Ukraine

Wales Online

Shell to give staff 8% bonus after record profits

Payout comes after oil firm reported $11.5bn second-quarter profits amid soaring energy prices

The Guardian - UK

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Corporations' profits soaring as inflation skyrockets and real wages fall, report reveals

There are fresh calls for Australia's biggest corporations to rein in record profits in order to provide low wage earners with some cost-of-living relief.

ABC News

'Energy firms roll in extra cash as Tories fail to impose higher windfall tax'

Record pump prices have helped it rake in profits of £880 a second, while Shell, British Gas and other energy suppliers have also been benefiting from the pain of customers

Daily Mirror

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Guardian - UK

How are energy companies making so much money? Shell and BP announce whopping profits

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

Daily Mirror

British Gas, EDF, Scottish Power, Octopus: Energy support funds as bills set to reach £3,600

The average bill is expected to hit around £3,600 in October and then rise again in January with experts warning that thousands could fall into fuel poverty as the cost of living and energy crisis continues.

Edinburgh Live

BP profit triples to $9.3 bn on soaring energy prices

London (AFP) - British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said Tuesday, after a big loss linked to its Russia exit following Moscow's invasion of Ukraine.

AFP

BP sees earnings hit 14-year high amid anger over energy firm profits

The oil and gas giant has announced a 10% rise in shareholder dividends

Insider UK

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The Independent UK

Anger as BP profits triple to $8.5bn amid soaring household energy bills

Renewed calls for windfall tax as energy firms make ‘eye-watering’ sums as families struggle to afford bills

The Guardian - UK

BP profits triple to £7bn as oil prices surge because of Ukraine war

Labour says government is ‘totally wrong’ to give tax breaks to oil companies amid cost of living crisis

Crikey

Australia’s rotten gas cartel is a climate, economic and fiscal criminal

Who’s responsible for the looming gas supply crisis the ACCC has warned about? A cartel of mostly foreign gas suppliers exploiting market power.

Investors Business Daily

Shale Oil Stocks Drop: EOG Resources Beats Earnings Views

Shale oil producer stocks dropped Monday. Devon Energy and Diamondback Energy beat earnings predictions after the close.

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Asharq Al-Awsat

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

Daily Record

Scots councils to consider opening buildings as 'warm banks' for freezing residents this winter

A Sunday Mail investigation has revealed local authorities are already working on schemes over fears that rocketing energy bills will leave thousands unable to heat their homes.

Daily Mirror

Rishi Sunak accused of conflict of interest over wife's links to oil giant Shell

Rishi Sunak's wife Akshata Murty owns an estimated £690 million stake in her father’s firm Infosys - which last year signed a lucrative pact with money-spinning oil giant Shell

Daily Mirror

'You only have to look at energy prices to see what causes the cost of living to rise'

Shell have reported record profits of £10billion for a three-month period. This is a 10% increase on the previous three months, which means their profits are going up 40% a year

AFP

Profits at ExxonMobil, Chevron skyrocket with oil prices

New York (AFP) - US oil giants ExxonMobil and Chevron -- targets of White House criticism over soaring gasoline costs -- reported record quarterly profits Friday amid the war in Ukraine that sparked a steep rise in energy prices.

The Guardian - US

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

Evening Standard

Oil giants report record results amid petrol and energy price hikes

Exxon Mobil, Chevron and Shell all came out on top in second quarter financials

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