Shell has seen its profits plunge to $5.1 billion (£3.9 billion) in Q2 2023, just a year after experiencing profits of $11.5 billion (£8.9 billion) for the same period in 2022.
Australian power company Origin Energy has upgraded its 2023 financial year energy markets earnings due to a “stronger than expected” contribution from Octopus Energy.
Due to rising wholesale costs across 2022, 100% renewable electricity supplier Good Energy saw revenue increase by 70.3% to £248.7 million over the course of 12 months.
Oil and gas giant BP confirmed it more than doubled its annual profit in 2022 to £23 billion ($27.7 billion), up from the £10.6 billion ($12.8 billion) witnessed in 2021, owing to soaring oil and gas prices.
British multinational oil and gas company Shell recorded its “highest-ever” annual profits in 2022 amounting to £32.2 billion, with only £1.86 billion estimated to be paid via the UK and EU’s windfall taxes for the year.
Octopus Energy Group more than doubled its revenue in the full-year 2022 from a year earlier, lifted by the strength of its Kraken billing platform business and rising customer numbers.
bp has recorded £7.1 billion ($8.2 billion) in Q3 profit as the oil and gas giant (O&G)benefits from elevated energy prices amid the ongoing European crisis.
