When Shell announced the biggest profits in its history – £32.2 billion pounds for 2022 on Thursday – the BBC morning news flagship, the ‘Today’ programme gave listeners misleading information about how much tax it is paying in the UK compared to other countries.
Shell produces about 120,000 barrels of oil a day equivalent from the UK continental shelf, 90% of which is in Scottish waters – but it makes no taxable profit on that.
