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The Latest Breaking News from Shell

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

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

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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

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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

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 Independent 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

The Guardian - UK

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.

Crikey

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.

Investors Business Daily

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…

Asharq Al-Awsat

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 Record

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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

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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

Bangkok Post

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bristol Post

Good Morning Britain: Jack Monroe slams energy companies making record profits

British Gas owner Centrica and Shell have recorded billions in profits

Birmingham Post

Broadband firm Jurassic Fibre appoints former Shell and Virgin boss as chief executive

Paul Hellings will replace the Devon-based company's founder, Michael Maltby, who will remain on its board

Wales Online

Shell reports record profits of nearly £10bn as Brits struggle to pay energy and fuel bills

The energy firm continues to make massive profits from energy hikes after the invasion of Ukraine

The Guardian - UK

‘Insult to millions’: Shell and Centrica profits cause outrage as energy bills soar

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

Daily Record

British Gas and Shell rake in record profits in middle of cost of living crisis

Oil giants Shell and Centrica, the owners of British Gas, have attracted political anger as they recorded huge profits while consumers pay soaring energy bills.

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