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Friday, March 29, 2024

European energy companies are raking in record profits – as sky-high bills squeeze their customers’ wallets

Soaring gas prices are bad news for consumers – but they’re helping major energy companies to rake in record-breaking profits. UK-listed oil and gas major Shell and Centrica, a utility, reported record-breaking quarterly profits this week. Shell posted quarterly profits of 11.5 billion pounds ($13.6 …

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