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Unit 1: News Review
How to use the language from the latest news stories

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  1. 1 News Review

Session 30

Oil companies make record profits – while prices rise for customers. Neil and Beth discuss the vocabulary in the news headlines about this story.

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    Activity 1

Activity 1

News Review

Record oil profits 

The world’s five biggest oil companies made profits of 60 billion dollars in three months. This news comes at the same time as energy bills for consumers continue to rise to record levels.

Neil and Beth look at the vocabulary used in the headlines about this story.

Watch the video and complete the activity

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The story 

60 billion dollars in three months. That’s how much profit the world’s five biggest oil companies made in the last quarter.

It comes as energy bills for consumers continue to rise to record levels. Economists say the high profits are caused by increasing prices for oil and gas due to the war in Ukraine.

Key words and phrases

profiteering
making large, unfair profits

  • That bank is profiteering. A 70% interest rate is way too high.
  • They charged $20 for a drink at the concert. That’s just profiteering!

laughing all the way to the bank
making a lot of money easily

  • I was laughing all the way to the bank when I sold my car for a high price.
  • He was made redundant, but the pay-out was so big that he laughed all the way to the bank.

shatter
break dramatically

  • She shattered the 100m record.
  • His dreams of playing international football were shattered by a serious leg injury.

To do

Try our quiz to test yourself on today's language!

News Review quiz

3 Questions

Now you've watched the video, try to answer these questions about the language in the news.

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More

We hope you enjoyed News Review. You can find more episodes here.