Soaring energy profits reignite calls for windfall tax
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Paris – European oil and gas companies who posted huge profits in the first quarter on soaring prices caused by the war in the Middle East face new calls from London to Paris to tax their outsized gains.
Shell rounded out the major energy producers’ earnings season on Thursday by announcing net profit of nearly $5.7 billion (around 4.8 billion euro), up 19 percent on the first quarter of 2025.
The group explained it had benefited from higher prices and “increased refining margi
Shell rounded out the major energy producers’ earnings season on Thursday by announcing net profit of nearly $5.7 billion (around 4.8 billion euro), up 19 percent on the first quarter of 2025.
The group explained it had benefited from higher prices and “increased refining margi
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