BP doubles profit to £7.1 billion as oil and gas prices remain high
The company is set to pay around $800 million to the UK government in a windfall tax, but the huge gains are likely to prompt more calls for further taxation.
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Tag: British Petroleum
BP cuts jobs at Ohio refinery damaged by an explosion where two brothers died
BP slashed the majority of the contractors at its 160,000 barrel-per-day Toledo, Ohio, refinery, which it co-owns with Cenovus Energy.
Read More BP triples profits to around £7 billion as UK families battle cost of living crisis
This is a rise from $6.2billion in the first three months of the year.
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BP boss doubled pay in 2021 as prices surged
The total pay of Bernard Looney, boss of oil giant BP, more than doubled last year to £4.5m, “as higher oil prices turned the company into a ‘cash machine
Read More BP posts massive £9.5 billion profits as prices soar and uk cost-of-living crisis worsens
The company posted its highest profit in eight years
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