Labour Party calls for a windfall tax on energy companies
How much profit did Shell and BP make in 2021 – as Brits suffer 54% energy price hike
Energy companies like Shell, Exxon and BP are enjoying huge profits, all while every day Brits face a massive rise in gas prices amid a tough cost of living crisis
Shell recorded their best quarterly profit in eight years.of £4.7 billion worth of profit in the final quarter of 2021 alone. For the whole year, they made an incredible £14.2 billion in profit, compared to £3.57 billion the year before.
BP will publish their latest results on February 8 but are expected to announce almost £3 billion in profit for the final three months from 2021.
As BP made £2.4 billion in the third quarter in the third quarter of last year, CEO Bernard Looney described the company as a “cash machine”.
On February 1, Exxon posted a fourth-quarter profit of £6.5 billion, their biggest for eight years.
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