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The Latest Breaking News on Shell Reports 2023 Profits of $28.25 Billion Amid Market Shifts

Calls for tax ‘loopholes’ to be closed as Shell makes £1.4bn more than expected

The business made 9.6 billion US dollars in earnings in the first three months of this year.

The Independent UK

Fury as Shell rakes in record $9.6bn first quarter ‘profit bonanza’

Shell’s ‘profiteering bonanza’ fuelled calls for a tougher windfall tax on oil giants accused of cashing in on soaring energy prices

The Independent UK

Shell’s £8 billion profit stokes calls for more taxes as it makes £58,000 a minute

Anglo-Dutch oil major to return £3.2 billion to investors

Evening Standard

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Labour and SNP slam Tories after Shell profits are £1.4bn more than expected

Labour Shadow Scotland Secretary Ian Murray said the profits were 'unearned' and called for a 'proper windfall tax' on large oil and gas companies.

Daily Record

Shell posts $9.6 billion profit even as energy prices slide

Global energy giant Shell says it earned nearly $10 billion in the first quarter, becoming the latest fossil fuel company to post strong financial results despite sliding oil and gas prices

The Independent UK

Oil giants 'practically untouched' by windfall tax as Shell announces bumper profits

OIL giants Shell, Equinor and BP have announced multi-billion pound profits, sparking calls for tougher windfall taxes on fossil fuel companies.

The National (Scotland)

Shell makes nearly £1.4 billion more than expected

Oil giant will buy back shares worth £3.2bn from investors over the next three months

Insider UK

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ECB’s Lagarde says some firms have taken advantage of inflation to lift profit margins, after raising interest rates – as it happened

European Central Bank has lifted its key interest rates by a quarter of one percent

The Guardian - UK

Shell makes nearly £1.4bn more than expected in first three months

The business joined its rival BP in reporting expectations-beating results

Wales Online

Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn

Figure easily beats predictions and comes despite fall in oil and gas price

The Guardian - UK

BP profits explained and where that money goes

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

The Independent UK

BP makes £4bn in three months as Labour's calls for windfall tax are fuelled further

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Daily Mirror

Calls for ‘loophole’ to be closed as BP profits are £500m ahead of expectations

Enormous earnings are the ‘unearned, unexpected windfalls of war’, says Labour shadow energy secretary Ed Miliband

The Independent UK

SNP and Labour slam Tories after BP profits are £500m more than expected

The oil giant said it made just under £4 billion in underlying replacement cost profit between January and March.

Daily Record

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The Independent UK

BP posts $5B quarterly profit on strong oil and gas trading

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off

Evening Standard

BP reports blockbuster profit for the first quarter but slows from 2022’s record-breaking pace

Shares in the FTSE 100 oil major fall as rate of share buybacks also eases

Insider UK

BP profit more than £500 million higher than expected

Just under £4bn of profit was reported between January and March, due to strong performance in oil trading

The National (Scotland)

Oil giant BP profit more than £500m higher than expected

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

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news in one place.

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Wales Online

Oil giant BP makes £4bn profit in three months despite rise in fuel prices

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

The Guardian - UK

BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year

The Guardian - UK

Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK households

Daily Mirror

Energy giants raking in £60 million a DAY in profit as Tories ignore windfall tax demands

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

Daily Mirror

Energy giants raking in £60 million A DAY in massive Tory tax fail

Firms including BP and Shell are this week set to announce profits of more than £10billion since the start of the year

Daily Mirror

Tories 'let energy giants off hook' as windfall tax raises £2.7 BILLION less than target

Oil and gas firms paid £4.4billion in windfall tax payments in the past year, which is way below the £7.2billion the government had forecast

Fortune

Ukraine says Shell is taking 'blood money' from a Russian energy company

Ukraine officials accuse Western energy companies of profiting from the war, and have ideas for how to fix it.

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