'Obscene amount of earnings': What is Shell using its record profits for?

Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey. The eye-watering figure is the largest sum since BMO first started surveying Canadians about their retirement expectations 13 years ago.

With the spring break travel season approaching, those looking to flee the cold, wet Canadian snow for sunnier skies will likely be met with a hefty price tag for their getaway, with inflation and increased demand pushing costs up.When selling a home, Canadians may be exempted from paying capital gains tax on a residential property -- if it's their principal residence. On CTVNews.

aren't all oil companies showing record profits? I can only assume that the gas price hikes are just to provide oil companies with gross profits until they determine a way of how to evolve to electric based technologies for vehicles.

Gas engines will be a thing of the past in a couple years anyways. Jokes on them. 👍🏻

13% of the $8 Billion(!) CBC pension fund is in oil, so you'll benefit from the 'shame' - like every pension fund, shareholder and energy fund. Or are you sending the dirty money back; just like you would have done when Shell posted a $20B loss? How's CBC's profits these days?

None of your business.

Yes the Conssertives what you belive it's the Carbon tax

Pay dividends. Build a series of new refineries. Research & Development of battery technology. Pay off political friends. Sponsor auto races. Good business management must be rewarded and recognized for what it is. Poor government management and stewardship must be condemned.

They are keeping weak people who would be bait in an Oil less world, from being bait, in an Oil less world.

Not giving it back to us, that is so disgusting

Because the same profit margins on top of new excessive carbon tax put forth by our government = more profits.

That's where the freedom convoys should set up, not parliament hill.

The openly biased and inflammatory tone of CTV these days is chilling considering you're just an arm of the Liberal government paid to shill for Justin Trudeau's agenda. It's nauseating.

What did news use theirs for during covid

How about their growth in wealth is helping to fund many people’s retirement plan. Not to mention employing 10’s of thousands

Awrsome news for those with RRSPs RESPs, and pensions invested in the stocks. A happy day day for us!

And how many of the people that complain about this will line up like sheep for a phone built in China by abused and underpaid staff.

Is the. huge amount of taxes Shell paid also obscene? What about the staggering amount of dividends they paid to pension plans and mom and pop investors? What about the billions of people who live much better lives because of Shell’s efforts? Also obscene?

It's gone beyond obscene already but there's nothing any of us can do about it.

For paying the owners, the shareholders!!

1. It's none of your business. 2. Earning profits is the point. They are doing what they are supposed to be doing for the company, it's employees, and its shareholders. Good job Shell.

What could oil companies be spending THEIR money on? How about asking what the liberal government is spending OUR money on. Just a thought.

Gotta pay Pilkey77. That’s what.

What is CTV execs using the Trudeau free money for?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. energy company BP's profits double to US$27.7 billionBritish energy company BP reported record annual earnings on Tuesday amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine. Margins are too high!
Source: CTVNews - 🏆 1. / 99 Read more »

UK energy company BP's profits double to $27.7 billionBritish energy firm BP reported record annual earnings on Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. Wait a minute, so if you limit supply the cost goes up? And is that a crime?... seriously what's the pot? Now if Governments were smart they would tax these Criminals for the equivalent amount of 27 billion dollars. That would teach them. Or like in Russia the CEOs are found floating in a river.
Source: CP24 - 🏆 30. / 67 Read more »

'Yet another day of enormous profits at an energy giant': Oil major BP reports record earningsCalls in the U.K. to hike the windfall tax on oil companies increased after oil major BP reported US$28 billion in profit for 2022. Read on and the Conservatives wanted the Gov't to bail out Oil majors in Canada during the pandemic
Source: nationalpost - 🏆 10. / 80 Read more »

'Yet another day of enormous profits at an energy giant': Oil major BP reports record earningsCalls in the U.K. to hike the windfall tax on oil companies increased after oil major BP reported US$28 billion in profit for 2022. Read on Where was the headline 'Yet another day of enormous profits at a tech giant' when the FANG companies reported record earnings year after year for 10+ years between 2010 & 2020? energy investing stocks $AAPL $XOM $BP $AMZN $MSFT Enormous profits now. Enormous losses in 2020 and 2021.
Source: financialpost - 🏆 7. / 85 Read more »