The oil giant confirmed it will pay the windfall tax on its UK operations this year.
BP has revealed that its profits more than doubled for the past three months amid ratcheting calls for stiffer windfall taxes for energy producers.
The London-listed company reported that underlying replacement cost profits – a measure preferred by BP – surged to 8.2 billion US dollars for the quarter to September, compared with 3.3 billion dollars a year earlier.Nevertheless, BP said profits were weaker than the previous quarter after a dip in the average oil price.
However, Shell confirmed last week that it does not expect to pay out for the tax this year as firms are able to offset potential tax payments through investment. “We remain focused on helping to solve the energy trilemma – secure, affordable and lower carbon energy.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Demand for new windfall tax as BP records huge £7.1bn profit from soaring oil and gas pricesBP records huge £7.1bn profit for July to September from high oil and gas prices ➡️ The oil giant has recorded more the double the profit it made for the same period of July to September last year
Lire la suite »
BP to buy back more shares after profit doubles to $8bn\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
BP to buy back more shares after profit doubles to $8bn\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Lire la suite »
Biden Says Big Oil’s Windfall Profits Result Of ‘Brutal War’ | OilPrice.comIn an address to the nation on Monday, President Joe Biden raised the specter of a windfall tax on energy companies that refuse to boost domestic production to bring down oil and gas prices which will weigh on midterm elections on November 8th.
Lire la suite »