Aug 4, 2022
Shell staff get profits bonus as energy bills soar
Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices. Energy firms' bumper profits have prompted calls for tougher taxes to help families with rising bills. Shell reported second quarter profits of £9bn last week after reaping the benefits of higher gas and oil prices. Its rival BP has also reported its biggest quarterly profit for 14 years, with underlying profits of £6.9bn.The firms' huge increase in profits has been fuelled by higher prices for oil and gas, which have risen sharply due to the war in Ukraine. The government has introduced a package of measures to help people with energy bills, such as a £400 discount, and also announced in May that oil and gas firms would pay an extra 25% on profits.
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