Record quarter piles pressure on government to issue one-off levy to curb rising energy bills
Shell has reported a record quarterly profit of $9.1bn for the first three months of the year, piling more pressure on the government to implement a windfall tax to fund measures to tackle soaring household energy bills.
The first-quarter profit was boosted by a sharp rise in oil and gas prices, and compared with $6.3bn of profits in the final three months of 2021 and $3.2bn during the first quarter of last year. It was above analysts’ expectations of first-quarter adjusted earnings of $8.7bn.
Shell, Tax and spending, Politics, Oil, Energy bills, Energy industry, UK news, Oil and gas companies, Money, Household bills, Consumer affairs, Commodities, Family finances, Cost of living crisis, Business UK news | The Guardian