BP Pays $127M in 2021 Tax for UK North Sea Oil and Gas Output

Ron Bousso
Friday, June 24, 2022

BP paid $127.3 million in taxes and fees to the British government in 2021 for its oil and gas production in the North Sea, according to a company report.

The figure compares with a net tax refund of $42.3 million the previous year, according to figures released in BP's annual report on payments to governments.

The payments only relate to BP's upstream operations in the country and do not include other corporate taxes such as its retail business.

(Reporting by Ron Bousso; Editing by Edmund Blair)

Categories: Energy North Sea Activity Production UKCS

Related Stories

Saipem, Subsea 7 Undergo EU Antitrust Investigation

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Well-Safe Solutions Expands Beryl Field Decom Scope to 260 Wells

Current News

Saipem, Subsea 7 Undergo EU Antitrust Investigation

Baltic Power Offshore Wind Farm Delivers First Electricity to Polish Grid

Eni Enlists OneSubsea for Deepwater Umbilical Supply off Indonesia

Petrobras Concludes Acquisition of São Tomé and Príncipe Offshore Block

Subscribe for OE Digital E‑News