Will Shell And BP Use Their Mammoth Profits For Green Energy?

The mammoth profits of the world’s oil and gas giants will pass £200bn when Saudi Aramco unveil their record results next month – with the state-backed energy titan on course to post the most lucrative results in the history of business. Closer to home, BP and Shell unveiled their own mega earnings, announcing record annual profits of £23bn and £32bn respectively, fuelled by soaring fossil fuel prices and rebounding post-pandemic demand last year. When pressured over their bumper profits, the energy giants position…