Shell shares slide after profit warning

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE May, North Sea oil and gas drillers have been hit by a windfall tax the UK government, which has increased its tax rate from 40% to 65% potentially by 2025 to help fund relief for households facing rising energy bills. Liz Truss, Prime … Read more

Investors should generally avoid “perfect” stocks – but this oil company is an exception

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Such arguments can be countered. First, the demand for energy continues to rise, but supply remains limited, thanks to environmental policy, geopolitical sanctions and oil companies’ response to pressure not to drill. That seems like a recipe for a rising price. Second, windfall … Read more

The EU is preparing an emergency plan to reduce energy costs

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Brussels is preparing urgent plans to reduce energy costs amid warnings from the boss of Shell that the gas crisis will last for several years. Ursula von der Leyen, president of the European Commission, said the bloc needed an “extraordinary instrument” to deal … Read more

BP profits tripled after “exceptional” oil trading and high prices

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The results follow similar gains posted by rivals such as Shell, which have fueled criticism over the impact of high wholesale prices on household energy bills. High gas prices pushed household energy bills up 54 per cent to £1,977 in April, with analysts … Read more

Oil companies add £15 to the cost of filling up a car as profits rise

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE The findings are the result of an urgent market review commissioned by Kwasi Kwarteng, the Business Secretary, after concerns that the fuel duty cut announced in March has not been delivered “in any visible or significant way”. The cost of filling up the … Read more

Shell’s CEO is calling for approval of the North Sea gas project

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Shell’s chief executive called on the government to approve a major gas project in the North Sea, noting that Europe is facing a “difficult winter” if supplies from Russia are cut off. Ben van Beurden said there was “no silver ball” to end … Read more

Shell is reviving a huge gas field in the North Sea to boost British energy security

MY NUMBER 1 RECOMMENDATION TO CREATE FULL TIME INCOME ONLINE: CLICK HERE Shell has submitted new development plans a a huge gas field in the North Seasix months after they were rejected by environmental regulators to help the UK become less dependent on foreign suppliers. FTSE 100 said it wants the Jackdaw field, about 250km … Read more

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