Web9 hours ago · In May 2024, the then chancellor, Rishi Sunak, announced an “energy profits levy” against oil company profits to help support households struggling with their energy bills. The current chancellor, Jeremy Hunt, later toughened the windfall tax as part of his autumn statement in November but faced renewed calls to adapt it after the ... WebFeb 7, 2024 · BP said in a statement that underlying replacement cost profit rose to $27.7 billion in 2024 from $12.8 billion the previous year. The metric is a key indicator of oil companies' profitability.
BP profits: Sunak has failed the people of this country
WebMay 3, 2024 · BP says it expects to pay £1bn in taxes for its 2024 North Sea profits, on top of around £250m that it has paid annually in other taxes in the UK in recent years. Mr Looney said: "We're backing ... WebNov 22, 2024 · BP invested £300m into renewables and “low carbon” projects in the first half of 2024 – the equivalent of just 2.5% of its £12.2bn profits. BP said this month that it expected to pay $2 ... shopbop return center
Windfall tax POLL: Should British Gas pay windfall tax on huge …
WebNov 1, 2024 · Tuesday 1 November 2024 09:33, UK. ... bolder windfall tax is now overwhelming' ... "A 25% windfall tax on the share buybacks of BP and Shell would raise up to £4.8bn per year for the treasury ... WebMay 26, 2024 · Last modified on Fri 27 May 2024 00.29 EDT. BP has said it will review its investments in the North Sea after the government unveiled a windfall tax on oil and gas operators. The chancellor, Rishi ... WebFeb 5, 2024 · Oil giants BP and Shell are on course to make a combined profit of almost £40bn this year from the rocketing price of petrol and gas, fuelling calls for a windfall tax on energy firms to ease the ... shopbop rachel pally