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

Harbour Energy blames windfall tax as it cuts 350 UK onshore jobs

The majority of its UK onshore staff are based in Aberdeen

Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’

Industry body's latest report criticises high taxes and political uncertainty

Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’ – report

Offshore Energies UK has published its Business Outlook report.

The Independent UK

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read the most diverse news in one place.

3 Energy Stocks Heating up Right Now and 1 That's Not

Regardless of the retreat in oil and gas prices from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be an enduring tailwind for U.S. energy producers. Hence, while it could be wise to invest in fundamentally sound energy stocks, Shell (SHEL), PBF Energy…

StockNews.com

Oil giant BP slammed for handing fatcat boss £10million pay and perks bonanza

BP CEO Bernard Looney's £10million pay and perks bonanza is a 'kick the teeth' for struggling Brits, a campaigner has said - the oil giant is among those to have benefitted from a surge in wholesale energy prices in the wake of Russia ’s invasion of Ukraine

Daily Mirror

BP boss earns 172 times more than average employee as his pay doubles

Bernard Looney’s total pay packet increased from around £4.5m to about £10m

Wales Online

BP CEO pay doubles to $12M as high energy costs surge profit

Total pay for BP’s CEO more than doubled to $12 million last year

The Independent UK

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Doubling of BP boss pay to £10m is a ‘kick in the teeth’, say campaigners

Bernard Looney’s bumper pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine war

The Guardian - UK

Huge £10m pay packet for ex-Shell boss while Brits struggle with astronomical energy bills

Some people have accused energy suppliers of profiteering off the war in Ukraine as the supply is causing prices to rise

Wales Online

‘Outrageous’ Shell bonus triggers call for higher windfall tax – but UK firms take hit from levy

‘The money being made out of Putin’s war should be helping struggling families’

The Independent UK

Harbour Energy‘s profits ‘all but wiped out’ by windfall tax

UK oil and gas producer plans to cut both jobs and investment due to the energy levy backlash

Insider UK

Shell CEO pay up 50% as soaring energy prices boosted profit

The pay package for Shell’s CEO jumped by half last year to nearly $12 million

The Independent UK

Fatcat ex-Shell boss handed huge £10m pay packet - as Brits struggle to pay energy bills

Last month, Shell reported record profits of £32.2billion for 2022 which was double the previous year's total

Daily Mirror

Shell chief’s pay package rose by more than 50% to nearly £10m in 2022

Campaigners and politicians criticise bonus for Ben van Beurden, who has since stood down

The Guardian - UK

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news in one place.

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The Guardian - UK

North Sea’s biggest energy producer claims UK windfall tax ‘wiped out’ surge in profit

Harbour Energy says it had to cut jobs and investment at same time as announcing new shareholder payouts taking total to $1bn

The Guardian - UK

Crypto bank Silvergate collapses; HS2 delayed; US jobless claims jump – as it happened

Rolling coverage of the latest economic and financial news, as crypto turmoil leads to an “‘orderly wind down’ and ‘voluntary liquidation’ of Silvergate bank

Daily Mirror

Fury at BP oil boss's £10million bonus while Brits struggle with sky-high bills

BP chief executive Bernard Looney could be in line for a fat paypacket but the End Fuel Poverty Coalition slammed the 'champagne lifestyle for energy bosses' while struggling Brits suffer in 'cold, damp homes'

Daily Record

Renfrewshire MSP slams energy firms over skyrocketing profits

The Renfrewshire North and West MSP wants more to be done to combat soaring energy costs.

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Salon

Big Oil backs out of climate promises

"If we see value, we’ll do it. If we don’t, we won’t."

The Guardian - UK

Five factors to explain FTSE 100’s record high despite recession

Economy and business backdrop is grim, but the energy boom and shareholder payouts have helped

Daily Record

British Gas profits triple as Scots politicians make renewed call for 'proper' windfall tax

Centrica said its profits more than tripled from £948 million in 2021 to £3.3 billion in 2022.

The National (Scotland)

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

The Guardian - US

‘Monster profits’ for energy giants reveal a self-destructive fossil fuel resurgence

Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions

The Guardian - UK

Shell directors personally sued over ‘flawed’ climate strategy

Claimants ClientEarth say the oil company’s plan puts the company at financial risk as the world transitions to clean energy

The Guardian - AU

Fossil fuel companies won’t save us from climate change. We need governments to step up

The fallout when the industry fails to act is still smaller than the rewards for pumping out more pollution

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