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The Latest Breaking News from Shell

What is a windfall tax and will it be extended to UK energy providers?

Explainer: Up to £4bn could be raised from levy on electricity generators, but ministers are rowing back on idea

The Guardian - UK

Gordon Brown calls for energy firms to be nationalised if they fail to cut household bills

The former Prime Minister said urgent action was needed to meet the cost of living crisis that he compared to the 2008 banking crash.

Daily Record

Labour blasts ‘absurd’ tax regime after report shows oil giant Shell received £100m from UK

Call for companies to pay ‘fair share’ during cost of living crisis

The Independent UK

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Shell paid no tax on UK production in 2021 and received £100m from taxpayer, Labour claims

With consumers facing £4,200 average household bills next year Labour called on the Tory government to do more to squeeze the oil giants record profits.

Daily Record

Asda, Tesco, BP and Shell warning to drivers over fuel prices

Campaigners say costs should be cheaper

Nottingham Post

Chancellor set for crisis talks with energy companies as bills soar

ENERGY sector bosses are set to take part in crisis talks with Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng.

The National (Scotland)

Shell’s offshore medics balloted on possible strike

Union member vote beings tomorrow, with potential industrial action due to begin in late September

Insider UK

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Energy giant's offshore medics to be balloted on industrial action

SHELL’S offshore medics are set to be balloted on industrial action in a dispute over pay.

The National (Scotland)

Drivers spot garage selling fuel for MUCH cheaper than big name petrol stations

Social media users slammed bigger petrol providers with one asking: "So a tiny village garage in Herefordshire can manage this, but not the mega-stations of Shell, BP, Esso etc?"

Daily Mirror

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

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

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Wales Online

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

The Guardian - UK

Shell to give staff 8% bonus after record profits

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

ABC News

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.

Daily Mirror

'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

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The Guardian - UK

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?

Daily Mirror

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

Edinburgh Live

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.

Insider UK

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

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

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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