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Shell's earnings surge on oil trading bonanza that could fuel calls for higher U.K. tax.
Shell reported its highest quarterly earnings in two years due to surging trading profits.
KEY POINTS
- Middle East war significantly increased energy prices, boosting Shell's trading revenues this quarter.
- Shell raised its dividend by 5% following these exceptional earnings results.
- Strong profits could intensify pressure for higher U.K. windfall taxes on Shell.
COMPANIES
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