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

Published

Credit: BP
Credit: BP

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)

Current News

CRP Subsea Secures Cable Protection Contract for Offshore Wind

CRP Subsea Secures Cable Prote

Nordic Investors to EU: Nix Notion of Arctic Drilling

Nordic Investors to EU: Nix No

Export Curbs Should not Harm Australia's Biggest LNG-producing State

Export Curbs Should not Harm A

NOPSEMA Releases Australia’s Offshore Energy Industry Performance Report

NOPSEMA Releases Australia’s O

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine