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BBCNEWS BBC News June 4, 2024 14:19:00

More than triple the amount it made at the same time last year. the company says it will invest in the uk, including in energy transition, and pay more tax. when prices are higher, rightly so, we pay higher taxes and now we have an energy profits levy which means we will pay even more taxes on top of what we had already planned, and that is what we will do. bp estimates it will pay £1 billion of tax compared to £100 million last year, but the high profits sit uneasily as many, like mother—of...
Energy Transition 9 Billion 16 9 Billion 100 Million 1 Billion 00 Million

BBCNEWS BBC News June 4, 2024 13:17:00

The energy company bp has reported its second highest quarterly profit in its history. between april and june it made £6.9 billion pounds in profit — three times the figure for the same period last year. the company said its oil trading performance was exceptional, and that it expects to pay more than a billion pounds in uk tax this year. the profits come as domestic energy bills are predicted to hit more than £3,500 a year this winter. our business correspondent, caroline davies, reports. f...
Oil Trading Performance A Billion 9 Billion 16 9 Billion Energy Prices Energy Bills

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