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Shell profits nearly triple as oil prices surge amid Russia-Ukraine war – BBC News

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Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world.

Shell made $9.13bn (£7.3bn) in the first three months of the year, nearly triple its $3.2bn profit it announced for the same period last year.

But the firm said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn (£3.1bn).

On Tuesday, rival BP also reported a sharp rise in profit, but the UK has so far ruled out a windfall tax.

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#Russia #Ukraine #BBCNews

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44 Comments

44 Comments

  1. @cwilliams8343

    January 8, 2024 at 5:58 pm

    General Butler paraphrased all wars are scams. Think he might have idea.

  2. @cwilliams8343

    January 8, 2024 at 5:58 pm

    Isn’t that why wars are fought, for profits.

  3. @edwardlyon8870

    January 8, 2024 at 5:58 pm

    The British government make more than Shell on fuel. They charge us fuel tax plus vat on fuel. The government are causing expensive transport costs,wich pushes up retail prices.
    But that brings in even more VAT. And government members can afford to pay. Take the VAT OFF FUEL. It will help us all. The government taxes on fuel bring in well over
    £60billion per annum.

  4. @bugsy7539

    January 8, 2024 at 5:58 pm

    Greed greed greed blaming Ukraine for soaring prices but really it’s more wants more disgusting people are struggling to eat at the moment

  5. @jeffreybodean7300

    January 8, 2024 at 5:58 pm

    Your fuel is turning you into fossils,there will be nothing left of you but a SHELL(tm).

  6. @maindepth8830

    January 8, 2024 at 5:58 pm

    Shell is destroying nigeria, stand up to shells oppression

  7. @eminiola7131

    January 8, 2024 at 5:58 pm

    Nigerians are dieing because of what you have caused Shell

  8. @ninjarooneil7866

    January 8, 2024 at 5:58 pm

    Disgusting people out there. Using Ukraine War as an excuse to put oil prices up. These people are just as evil as Putin and action needs to be taken against them.

  9. @gerradeanderson2204

    January 8, 2024 at 5:58 pm

    Impressive Video, can anyone here refer me no where to invest? I’m really interested on that.

  10. @HavokMakerX

    January 8, 2024 at 5:58 pm

    so if the reason they increased prices was to estabilize the shortage because of the war then why the record high profits? it seems they are using the war as an excuse… and yeah i know its capitalism but oil is an essential good thats like price gouging water at this point

  11. @chrisclarke4541

    January 8, 2024 at 5:58 pm

    We are fortunate to have Shell and BP in the UK. Yes they are making good profits but they are both paying high taxes and investing the huge amount of money in renewables so urgently required. Who else is going to fund it? Also, pension funds rely on Shell and BP.

  12. @przemyslawszymczak8180

    January 8, 2024 at 5:58 pm

    That is government responsibility to allow that to happen. We live in country where companies keep prices high with common agreement between themselves. Ofgem fucked , governement fucked we are really fucked.

  13. @chrisclarke4541

    January 8, 2024 at 5:58 pm

    Amid the shrill criticism of bumper profits at Shell, there is no mention of the huge losses during the covid lockdown. I can't recall anyone offering a grant to compensate shell shareholders.

  14. @chrisclarke4541

    January 8, 2024 at 5:58 pm

    Shell-s profits belong to shareholders who have had to endure massive losses during the lockdown but are now being rewarded for staying loyal. I don't seem to have heard calls from Labour etc for compensation for these losses. No, these people want it both ways. Capitalism is all about risk and reward, it doesn't work if we punish success and reward failure.

  15. @bulgingbattery2050

    January 8, 2024 at 5:58 pm

    Do you think the oil companies want to give up these kinds of profits?

  16. @lw1zfog

    January 8, 2024 at 5:58 pm

    it’s a big club. ‘Kimberly Ellen Kagan (born 1972) is an American military historian. She heads the Institute for the Study of War and has taught at West Point, Yale, Georgetown University, and American University. Kagan has published in The Wall Street Journal, The New York Times, The Weekly Standard and elsewhere.[1] She supported the 2007 troop surge in Iraq and has since advocated for an expanded and restructured American military campaign in Afghanistan.[2] In 2009, she served on Afghanistan commander Gen. Stanley McChrystal's strategic assessment team.[2] Kimberly Kagan is the daughter of Kalman Kessler, a Jewish accountant and school teacher from New York City and his wife Frances.[3][4][5] She received her BA in classical civilization and her PhD in history from Yale University. At Yale, Kagan met her husband Frederick Kagan, who is an American resident scholar at the American Enterprise Institute (AEI),[6] son of Donald Kagan, a well-known historian, and brother of Robert Kagan, another well-known writer and publicist. Robert Kagan's wife is Victoria Nuland, a former US Assistant Secretary of State for European and Eurasian Affairs.’

  17. @josephfbuck

    January 8, 2024 at 5:58 pm

    So what happened to all the alternative fuels your for supposed to already have used I guess 15% alcohol we're not going to make enough profits they should probably bring it up to 25% alcohol that should run a few good hundred million old Motors help the transference of the economy from gas to electric

  18. @evaschiffhauer59

    January 8, 2024 at 5:58 pm

    Nej det er sku’ da fordi de har de bedste Romkugler – fjollehoveder !

  19. @murrayroy9384

    January 8, 2024 at 5:58 pm

    Like if you intend to boycott Shell.

    Shell won’t change their strategy or reduce their profit margin until either the government steps in (which they won’t) or consumers ‘fire a shot across the bow’ by boycotting the company.

    This investment intention is absolute nonsense because Shell has to do this anyway. It has to evolve over time or it will ultimately die. This is the same reason why if you don’t boycott them all you are doing is encouraging other providers to follow their lead.

  20. @chano6555

    January 8, 2024 at 5:58 pm

    Seriously I hope everyone at shell gets what’s coming as millions struggle

  21. @chano6555

    January 8, 2024 at 5:58 pm

    Never going to shell again

  22. @dasharostov6258

    January 8, 2024 at 5:58 pm

    traitors

  23. @Naeem2104

    January 8, 2024 at 5:58 pm

    What shame making profits out of people’s misery. No morals and no shame at all.

  24. @yvonnefarrell1029

    January 8, 2024 at 5:58 pm

    They have a nerve to blame oil prices on the war in Ukraine when indeed they are raising prices for consumers, why? Because they can get away with it. Biden has to get control of these people. Consumers are hurting, seniors are hurting; stop blaming Ukraine and get these thieves.

  25. @maharajdurai461

    January 8, 2024 at 5:58 pm

    Wipe out all NAZIs and NAZI Supporters, no mercy. EU LEADERSHIP is EMBRACING NAZISM, SHAMEFUL

  26. @xosmani

    January 8, 2024 at 5:58 pm

    Russia against Ukraine,shell against American citizens.

  27. @cblack3470

    January 8, 2024 at 5:58 pm

    record profits.. so there's no shortage then

  28. @OldSempreFiVet

    January 8, 2024 at 5:58 pm

    Shell profits skyrocket as governments do nothing for its public

  29. @OldSempreFiVet

    January 8, 2024 at 5:58 pm

    Shell profits with no government restrictions!

  30. @1Drgnrydr

    January 8, 2024 at 5:58 pm

    All the more reason the fuel needs to be controlled by the government.

    Wait till some oil the big oil execs get targeted like crooks and thieves

  31. @bobby1970

    January 8, 2024 at 5:58 pm

    Ahh, so this is the real reason gas prices have gone way up in the United States. All of a sudden, these petroleum companies are starting to get a little greedy. Shame on them. You can't trust anyone these days.

  32. @farrukhahmad453

    January 8, 2024 at 5:58 pm

    Anyone Need Accountant For Secret Business And Transaction Purpose Contact me I do secretly about Wrk

  33. @Bart-Did-it

    January 8, 2024 at 5:58 pm

    I might take there rewards card again now for this blasphemy lol

  34. @tommyperry6680

    January 8, 2024 at 5:58 pm

    Hi dear

  35. @freethinker4991

    January 8, 2024 at 5:58 pm

    Just show you how unethical big oil is war profiteering

  36. @ucupucup8766

    January 8, 2024 at 5:58 pm

    👏👏👏 ura

  37. @derangedcrouton1864

    January 8, 2024 at 5:58 pm

    War profiteering

  38. @s1nb4d59

    January 8, 2024 at 5:58 pm

    Who are the politicians not acting against this disgusting profit by a petroleum company,these executives should be jailed for these crimes.

  39. @BlueTruckingCity

    January 8, 2024 at 5:58 pm

    First government prints paper that essentially makes paper money crash in value. Now the Oil and Gas companies are looting us the people and putting the bail out cash in their pockets. The reality is this is how the rich stay rich and the poor stay poor. It is a sham, governments and these investors are on the same team, keep the money in their pockets, screw the rest of us.

  40. @manassardar100

    January 8, 2024 at 5:58 pm

    war in Europe will never end, so long as NATO exists……NATO is always on the lookout for conflict to make money out of it….

  41. @ssnoc

    January 8, 2024 at 5:58 pm

    Shell has been the biggest offender of price gouging during this nightmare – Boycott Shell !!

  42. @brooksanderson2599

    January 8, 2024 at 5:58 pm

    And, fossil fuel burning-driven abrupt, irreversable, climate change is killing crops worldwide. Welcome to Earth's 8th (at least) mass extinction and it includes us. old geologist

  43. @tonysmall3863

    January 8, 2024 at 5:58 pm

    Hilarious how people moan about the cost of petrol yet don’t bat an eyelid when asked to pay over £5 for a pint of Peroni, which going by my local pub price would make it £9.41 per litre.

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Five years on from the Taliban’s takeover of Afghanistan | BBC News

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It has been five years since the Taliban retook control of Afghanistan, as western forces left, imposing their extreme, ultra-conservative interpretation of Islam on millions of people.

Their return to power brought relative peace to the country after two decades of war.

But Afghan women have been erased from public life. Girls are banned from school from the age of 12, and aren’t allowed to go to university.

Public parks are also off limits to women – and they can’t travel abroad without a male companion.

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#Afghanistan #BBCNews

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The US-Israeli war with Iran nearly six months on | BBC News

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As it approaches the six-month anniversary of the start of the US-Israeli war with Iran, we analyse the strategically important developments with the Strait of Hormuz, and ordinary citizens from across the US describe the impact on their lives as gas prices increase.

Meanwhile, what of life inside Iran? With the announcement of a new internal security chief this month – we reflect on his past record and the report from a human rights organisation that so far this year, Iran has executed 500 of its own people.

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For the latest news download the BBC News app or visit BBC.com/news

#Iran #US #Israel #BBCNews

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Is another deadly flood coming to Nepal? | BBC News

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China has warned there is a “high risk” that a lake which formed after the recent landslide near the Nepal-Tibet border may breach its banks, causing a second flood downstream.

The warning comes after Wednesday’s deadly flash flood in the same area which has killed more than 500.

Scientists say it was triggered by the collapse of a mountain glacier into a river.

In this video…

00:49 Latest pictures
02:20 New video of glacier collapse
03:32 Where did the water come from?
04:29 Could there have been better warnings?
05:41 The rescue effort
07:32 Fears of a dammed river flooding
09:29 95-year-old survivor
10:06 Waiting for news of missing loved ones
10:54 Could there be another deadly flood?

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For the latest news download the BBC News app or visit BBC.com/news

#Nepal #Floods #NepalFloods #Tibet #BBCNews

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Did Emily ruin Paris? | The Global Story

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The Netflix show Emily in Paris has been lauded by French President Emmanuel Macron, who presented its creator, Darren Star, with the prestigious Légion d’Honneur last year.

“You make France shine across the world,” Macron said.

Many critics disagree. The programme, about a hapless American marketing executive living a glamorous and romantic fantasy in the French capital, is due to return for its sixth and final season later this year.

Some Parisians have complained that the series is full of cliches. And they worry that the tourism boost created by the show is changing the city they live in.

How do blockbuster TV series and iconic films reshape our cities, for better or worse?

The Global Story host, Tristan Redman, heads to the fifth arrondissement, while producers Hannah Moore and Xandra Ellin get the picture in London and New York.

Subscribe to our channel here: https://bbc.in/bbcnews

For the latest news download the BBC News app or visit BBC.com/news

#Paris #EmilyinParis #BBCNews

Chapters:
00:00 Introduction
02:25 What is Emily in Paris?
04:07 How popular has Emily in Paris been?
08:44 Tristan shows off his French side
11:30 What do people in Paris think?
18:25 How do TV shows influence tourism across the world?

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At least 20 dead after 7.7-magnitude earthquake strikes Indonesia | BBC News

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At least 20 people have been killed after a 7.7-magnitude earthquake struck Indonesia early on Saturday, the nation’s disaster mitigation agency has said.

BPBD said that others had been injured to varying degrees, cautioning that the figures were preliminary while search and rescue operations were ongoing.

Buildings in the region have been damaged by the quake and the dozens of aftershocks that followed.

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#Indonesia #BBCNews

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