The news has sparked calls for higher taxes on the oil sector As the UK battles with a cost of living crisis, the world's five biggest oil companies -- BP, Shell, Chevron, Total, ExxonMobil -- have raked in combined profits of £50bn this quarter. The boom is due to rising energy prices, driven in part by the war in Ukraine. As costs continue to increase, research firm Cornwall […] The post Oil companies' profits reach £50bn as households struggle to pay soaring energy bills appeared first on...
Oil companies' profits reach £50bn as households struggle to pay soaring energy bills
Marie Claire - 3 Aug 2022 16:41
The news has sparked calls for higher taxes on the oil sector As the UK battles with a cost of living crisis, the world's five biggest oil companies -- BP, Shell, Chevron, Total, ExxonMobil -- have raked in combined profits of £50bn this quarter. The boom is due to rising energy prices, driven in part by the war in Ukraine. As costs continue to increase, research firm Cornwall […] The post Oil companies' profits reach £50bn as households struggle to pay soaring energy bills appeared first on...
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