Shell UK

February 2, 2023

Shell’s annual profits soar to £32.2 billion prompting calls to hike UK windfall tax

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.

The oil and gas major saw its profits surge in Q4 of 2021 due to high commodity prices. Image: Kent Smith/Shell.

October 27, 2022

Shell posts £8.2 billion in profit for Q3 but pays no windfall tax

Shell has posted profits of £8.2 billion ($9.5 billion) in Q3 2022, but has paid no windfall tax.

March 29, 2022

Shell UK to invest up to £25bn in energy sector to ‘propel the UK closer to net zero’

Shell UK has announced it is to invest £20 to 25 billion in the energy sector over the next decade.

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