Feb 7, 2023
Energy giant BP sees record profits of $28bn
Energy giant BP has reported record annual profits after oil and gas prices surged last year following Russia's invasion of Ukraine. The profits have led to calls for energy firms to pay more tax as households face rising bills. It has led to bumper profits for energy companies, but also fuelled a rise in energy bills for households and businesses. Last year, the UK government introduced a windfall tax - called the Energy Profits Levy - to help fund its scheme to lower gas and electricity bills. The windfall tax only applies to profits made from extracting UK oil and gas.
Related companies
Make a complaint about BP by viewing their customer service contacts.
