Shell’s profits more than double after jump in oil and gas prices

INTELLIGENCE SUMMARY

Environmental groups renew calls for windfall tax to support households following Q2 earnings rise to $9.84bn Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East. The FTSE 100 company’s net profit hit $9.84bn (£7.4bn) in the three months ended in June, more than double compared with the same period last year. Continue reading...