ABSURDLY high profits will lead to renewed calls for oil giants to be hammered by a windfall tax this week.
Shell is expected to report profits of about £6.3billion for the first quarter later this week.
The firm last s are ling by as le : year announced annual profits of £32.2billion, the highest in its 115-year history, as it cashed in on soaring energy prices.
Business analysts also predict BP could have earned as much as £3.4billion in profits in the first quarter of this year.
The energy giant will announce its quarterly results tomorrow.
Labour has repeatedly called for a more punishing windfall tax to be levied against major oil producers.
The SNP said ordinary families were "being forced to pay extortionate fuel bills while Westminster reaps the financial benefits".
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