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Home » News » Furious reactions as Shell make record profits while we can’t pay bills

Furious reactions as Shell make record profits while we can’t pay bills

"Your gas bill has doubled in a year. Shell’s wholesale costs are lower today than this time last year. A rip off."

Scott M by Scott M
February 2, 2023
in News
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Oil and gas giant Shell announced record annual profits of £32.2bn as many households are struggling to pay their household bills.

Shell has announced annual profits of $39.9bn (£32.2bn), doubling from a year earlier.

They also posted record fourth-quarter earnings of $9.8bn (£7.9bn).

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The profits came due to bumper gas prices as Russia’s invasion of Ukraine led countries to trying to wean themselves off Russian fuel.

Shell chief executive Wael Sawan said: “Our results in Q4 and across the full year demonstrate the strength of Shell’s differentiated portfolio, as well as our capacity to deliver vital energy to our customers in a volatile world.

“We believe that Shell is well positioned to be the trusted partner through the energy transition.”

Reactions

1.

Shell just reported record profits of £32,000,000,000

Such outrageous profits are why your bills are so high.

We need to hike the Windfall Tax so North Sea oil and gas giants don't make a single penny in excess profits off the back of higher energy bills for ordinary people.

— Richard Burgon MP (@RichardBurgon) February 2, 2023

2.

NEW: Shell posts record profits – while families worry about another price spike.

The government must bring in a proper windfall tax on energy giants – to stop the energy price cap going up in April.

Only Labour will keep bills low now and in the future.https://t.co/j2AyTuHPuI

— Rachel Reeves (@RachelReevesMP) February 2, 2023

3.

🚨BREAKING: Shell announces a record £32billion in profits from 2022.

That's double what they made in 2021‼️

As people continue to struggle with soaring #energybills, companies like @Shell continue to profit from their misery.#CostOfLivingCrisis #EnergyCrisis #ClimateCrisis pic.twitter.com/sBNpWMhtJo

— Paid to Pollute (@PaidToPollute) February 2, 2023

4.

As the British people face an energy price hike of 40% in April, Rishi Sunak is letting the fossil fuel companies making bumper profits off the hook with his refusal to do a proper windfall tax.

Labour would stop the energy price cap going up in April. https://t.co/nrTefXgR3g

— Ed Miliband (@Ed_Miliband) February 2, 2023

5.

.@Shell are climate criminals – polluting our planet & escaping with its highest profits *ever*. Yet our Govt is their accomplice – locking in more climate-wrecking fossil fuels & handing over a gas giveaway. For a liveable future, we must kick out fossil fuels for good pic.twitter.com/iNg9IDZyV1

— Caroline Lucas (@CarolineLucas) February 2, 2023

6.

🚨 BREAKING: Shell has just announced record breaking annual profits of more than £32 BILLION.

So we paid their HQ a visit to deliver a message: STOP DRILLING, START PAYING.#MakeShellPay pic.twitter.com/e4WsVNFIHf

— Greenpeace UK (@GreenpeaceUK) February 2, 2023

7.

NEW: Energy giant Shell reports record profits of $40bn. That has doubled, largely as a result of the surge in energy prices following Russia’s illegal invasion of Ukraine.

And when it’s a record for Shell, that really means something- the company has existed for 115 years.

— Lewis Goodall (@lewis_goodall) February 2, 2023

8.

Shell's profits are £32bn. And pensioners are freezing to death.

— David__Osland (@David__Osland) February 2, 2023

9.

https://t.co/7MdkVEFoFR
Amid news reports of people struggling to pay energy bills, Shell announces record annual profits of nearly $40bn. That’s more than double $19.3bn S reported in 2021 & breaks the previous $31bn record the oil & gas giant set in 2008

— Beth Rigby (@BethRigby) February 2, 2023

10.

The #Shell profits are obscene. They get a lot more obscene when you read this devastating report alongside them https://t.co/VCaAUhxSx2

— Ramzy Alwakeel (@journoramzy) February 2, 2023

11.

Shell have just announced record profits of £32 billion, a rate of £80 million profit every day in 2022.

Renationalise energy now!

— Claudia Webbe MP (@ClaudiaWebbe) February 2, 2023

12.

Shell has just reported its highest profits in its 115 year history.

They made £32.2 billion in profit in 2022.

Your gas bill has doubled in a year. Shell’s wholesale costs are lower today than this time last year.

A rip off.

— Howard Beckett (@BeckettUnite) February 2, 2023

Related: Boris Johnson’s Brexit claims get shredded in must-see video

Tags: Shell
Scott M

Scott M

Political Journalist

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