Oil company makes £7bn profit in third quarter as chancellor Jeremy Hunt reportedly considers increasing levy
BP said it expected to pay about $800m (£693m) in windfall tax on its North Sea operations this year, as it posted bumper profits of $8.2bn in the third quarter.
BP has seen profits soar this year as Russia’s invasion of Ukraine has pushed up wholesale gas prices. It said the performance of its gas business had been “exceptional”.
Continue reading…Oil company makes £7bn profit in third quarter as chancellor Jeremy Hunt reportedly considers increasing levyBP said it expected to pay about $800m (£693m) in windfall tax on its North Sea operations this year, as it posted bumper profits of $8.2bn in the third quarter.BP has seen profits soar this year as Russia’s invasion of Ukraine has pushed up wholesale gas prices. It said the performance of its gas business had been “exceptional”. Continue reading…