🔴 Shell will pay tax in the UK for the first time since 2017 as it is poised to make record profits
Referring to energy companies, he said: “That probably may then mean that governments need to tax people in this room to pay for it. I think we just have to accept as a society – it can be done smartly and not so smartly. There is a discussion to be had about it but I think it’s inevitable.”
The European Commission said it originally expected to raise €25bn from the additional oil levy introduced in September, but is now facing a legal challenge from US oil major ExxonMobil. Shell said it will increase its dividend to shareholders by 15 per cent. It said profits on its natural gas business were “significantly higher” despite major production problems at two plants in Australia.
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