Shell has reported record profits of $11.5bn (£9.4bn) for the second quarter, more than double last year's figure
Meanwhile, British Gas owner Centrica enjoyed £1.3bn operating profits in the first six months of 2022, five times the amount from the same period last year of £262m.
, almost triple the amount from October last year , contributing to rising inflation and a cost of living squeeze. But companies could avoid most of the additional tax bill after the former chancellor doubled the relief they can get for investing in new oil and gas extraction from 46p for every £1 invested in the UK to 91p.
The oil major has acknowledged the worry about high energy costs and support needed to help ends meet.
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