Shell posts record quarterly profit as UK climate activists demand windfall tax

Shell reported a quarterly profit of $9.84 billion, more than double the previous period, driven by higher oil and gas prices. The earnings announcement prompted protests in London, where Friends of the Earth and the Fossil Free London campaign staged demonstrations outside Shell’s headquarters, accusing the company of fueling wildfires and the climate crisis.

Activists called on UK officials, including Greater Manchester Mayor Andy Burnham, to reject new oil projects such as the Rosebank field and to strengthen a windfall tax on oil and gas firms, using the revenue to support households and accelerate the energy transition. U.S. President Donald Trump also weighed in, suggesting Burnham would expand North Sea drilling, a claim the new prime minister denied.