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France 24

Business

Kate MOODY

Outrage as Shell, ExxonMobil rake in record profits

ExxonMobil Shell Victoria Scholar Bank of England European Central Bank Interactive Investor

BUSINESS DAILY © FRANCE 24

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also on the show: Victoria Scholar, Head of Investment at Interactive Investor, breaks down the latest interest rate hikes from the Bank of England and the Central Bank.

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