About Gas Giant
A gas giant is a giant planet composed mainly of hydrogen and helium. Gas giants are sometimes known as failed stars because they contain the same basic elements as a star. Jupiter and Saturn are the gas giants of the Solar System.
Toxic gas putting millions at risk in Middle East, BBC finds
... In 2013, the Iraqi government and oil and Gas Giant Shell set up the Basrah Gas Company to capture gas at the three biggest fields, Rumaila, Qurna and Zubair...
Shell posts $6. 2bn profit as oil prices rise again
...Oil and Gas Giant Shell has posted strong profits helped by oil prices rising again...
Shell adverts banned over misleading clean energy claims
...By Faarea MasudBusiness reporterOil and Gas Giant Shell has had some of its adverts banned for misleading claims about how clean its overall energy production is...
Shell reports stronger than expected profits
...By Nick EdserBusiness reporterOil and Gas Giant Shell has reported a stronger than expected profit of $9...
BP reports stronger than expected profits
...Oil and Gas Giant BP has reported stronger than expected profits for the first three months of the year...
Former Shell boss Ben van Beurden's pay package jumps to £9. 7m
... His pay was revealed in the oil and Gas Giant s...
Shell reports record profit of $39. 9bn
...Oil and Gas Giant Shell has reported record annual profits after energy prices surged last year following Russia s invasion of Ukraine...
Venugopal Dhoot: How debt and bad loan led to Videocon owner's downfall
... Dhoot s ambition of metamorphosing into an oil and Gas Giant didn t materialise either...
Former Shell boss Ben van Beurden's pay package jumps to £9. 7m
Former Shell boss Ben van Beurden received a pay package of £9. 7m Last Year , up More Than 50% from 2021.
His pay was revealed in the oil and Gas Giant 's.
Shell reported the highest annual profits in its 115-year history Last Year after a surge in energy prices following Russia's invasion of Ukraine.
Massive profits made by energy firms have added to pressure to tax them more as households struggle with rising energy bills.
Shell made a record $39. 9bn (£32. 2bn) profit in 2022, double the previous year's total.
When its results came out in February, opposition parties said The Company 's profits were " outrageous" and that the government was letting energy firms " off the hook" on taxation.
In 2021, Mr van Beurden was paid the equivalent of £6. 3m - he was paid in euros because Shell had yet to move its headquarters from the Netherlands to Britain.
He was replaced on 1 January this year by Wael Sawan, the former head of Shell's gas and renewables business.
The annual report said Mr Sawan was appointed on a salary of £1. 4m, although performance-related payments can often add to the overall pay package considerably. Mr van Beurden's salary was £1. 4m in 2022.
Cost of living pressuresInflation in the UK has been soaring, with huge increases in the cost of energy a key factor.
As prices rise across the board, putting pressure on struggling households, so oil and gas firms have been coming under political pressure.
When he was chancellor, Prime Minister Rishi Sunak brought in a 25% energy profits levy.
This Was increased to 35% from January 2023 by current chancellor Jeremy Hunt , and will run until 2028.
The levy applies to profits made from extracting UK oil and gas, but not on refining, or selling petrol and diesel.
Less than 5% of Shell's profits come from UK production.
The scheme was criticised because it allowed oil firms to claim back 91p in every pound invested, including in oil and gas. This investment allowance will be reduced from 80% to 29% from 1 January.
Related TopicsSource of news: bbc.com
Gas giant Photos
