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BBCNEWS World Business Report June 4, 2024 04:42:00

Imposed, where that capital comes from. if you look at average tax rates, you are talking about bp tax rates in excess of a0%. if you look at return on capital employed, which i think links profits with the actual size of the business and the capital you need to generate, bp is making a low double digit return on capital employed. that s not actually very high compared to where it has been in its history. politicians need to understand that you can tack this industry but it is a capital intensive one and it needs to generate enough capital to be able to fund it. with the energy transition as well. you can tax this industry. well. you can tax this industry- well. you can tax this industry. well. you can tax this indust , industry. absolutely, it s a hu . e industry. absolutely, it s a huge talking industry. absolutely, it s a huge talking point - industry. absolutely, it s a huge talking point right. industry. absolutely, it s a i huge talking point right now, thank you, chr ....

Tax Rates , Return On Capital Employed , The Industry , Energy Transition , Talking Point , Talking Point Industry , Chris Wheaton ,