Shell and BP profits set to soar amid threat of windfall tax – The National
- Date: 01-May-2022
- Source: The National
- Sector:Financial Markets
- Country:Gulf
Shell and BP profits set to soar amid threat of windfall tax – The National
Energy companies Shell and BP have faced calls to pay more tax after they announced bumper payouts to shareholders.
The oil companies are predicted to report a combined £10.5 billion ($12.57 billion) in profit from the first three months of the financial year, far more than from the same period in 2021.
A lot of this will come from the cash that households pay to keep the lights on, heat their homes and fill up their cars.
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