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MIRROR EXCLUSIVE: Oil giants BP & Shell rake in £7billion profits as Brits facing energy bills rise shiver

MIRROR EXCLUSIVE: Oil giants BP & Shell rake in £7billion profits as Brits facing energy bills rise shiver

According to analysis, Shell could reveal profits of almost £4.3billion and BP of almost £3billion in the final three months of last year. Meanwhile, ordinary families are struggling to pay their bills

By Graham HiscottHead of Business

  • 19:02, 28 Jan 2022
  • UPDATED 19:14, 28 Jan 2022

Oil goliaths Shell and BP are set to spark fury by raking in more than £7billion profit between them in just three months, while households are reeling from a cost of living crisis.

The bumper haul will reignite calls for a windfall tax on firms making a packet out of the surge in wholesale energy prices.

Meanwhile, ordinary households around the country are struggling to pay their bills.

Someone who won’t be facing the same anguish is Shell’s 63-year-old boss Ben van Beurden, who netted £5.2million in pay and perks in 2020, and nearly £70million since he took charge in 2014.

Shell is the first of the pair to announce quarterly results next Thursday.

Shell has benefited through not only producing gas but also being the world’s biggest trader in liquefied natural gas.
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