Huge Oil Profits Stir Resentment

Record earnings from Shell, Exxon, and BP are fueling calls for price reductions at the pump and taxes on windfall profits

Royal Dutch Shell's third-quarter profits ballooned by 71 per cent to $10.9bn (£6.7bn), the company said yesterday, reigniting outrage that energy companies are cashing in while inflated oil prices punish consumers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.