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The Latest Breaking News from British Petroleum

What is a windfall tax? How it works as energy giants announce record profits

The Tory government reluctantly introduced a windfall tax on ballooning oil and gas profits, but critics say it should be tightened to produce more help for struggling families

Daily Mirror

UAE's ADNOC, BP and Masdar Forge Energy Partnership

The Abu Dhabi National Oil Company (ADNOC), oil major BP and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs. Announcing their new-energy partnerships, ADNOC said the H2Teesside low-carbon hydrogen project with BP had moved into the design phase. Other partnerships include a…

Asharq Al-Awsat

E.On energy boss says 'prices are too high' as PM comes under growing pressure to help

One of the UK’s biggest energy suppliers has warned that up to 40% of its customers will be in fuel poverty by October unless the Government steps in

Daily Mirror

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New Greggs or Costa plan binned for Ayrshire BP petrol station

Five new car park spaces would've been created too.

Daily Record

Unauthorised billboards slamming oil firms appear across Aberdeen

CAMPAIGNERS have “hijacked” a series of corporate advertisement spaces in Aberdeen with posters taking aim at oil companies for “exploiting…

The National (Scotland)

Windfall tax would hit renewables investment, National Grid boss says

John Pettigrew claimed a levy on oil and gas companies could derail efforts to meet climate crisis targets

The Guardian - UK

PMQs: Sir Keir Starmer jokes Jacob Rees-Mogg is an 'overgrown prefect'

The North East Somerset MP was the butt of Starmer's jokes as he argues for a windfall tax on oil and gas giants

Bristol Post

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Labour seeks to increase pressure on Tory MPs with windfall tax Commons vote

BP and Shell reported bumper profits earlier this year as energy prices skyrocketed.

The Independent UK

Analyzing BP's Short Interest

BP's (NYSE:BP) short percent of float has fallen 57.38% since its last report. The company recently reported that it has 8.45 million shares sold short, which is 0.26% of all regular shares that are available for trading.

Benzinga

East Coast Cluster carbon storage licence success is another step towards Net Zero ambition

Combined Humber and Teesside project is sanctioned by North Sea Transition Authority

Birmingham Post

Saudi oil giant Aramco reports 82% rise in quarterly profits

Investors to get $4bn in bonus shares after record earnings of $39.5bn on higher demand and crude prices

The Guardian - UK

The Observer view on the urgent need for a windfall tax on the energy giants

Even bosses of Britain’s oil and gas companies admit they hardly know what to do with record-breaking profits

The Guardian - UK

Text and History for Thee but Not for Me?

The Court makes other people follow the text and history, but at least when it comes to certiorari, the justices lose their religion.

Reason

Looney’s tune on windfall taxes is unpersuasive

The BP chief executive calls the proposed levy ‘unpredictable’ but it is also thoroughly affordable

The Guardian - UK

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The Guardian - UK

Energy prices: what is a windfall tax and how would it work?

All you need to know about a possible one-off levy on North Sea energy profits

The Guardian - UK

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

The Guardian - UK

Boris Johnson says windfall tax ‘not the right thing’ but refuses to rule out U-turn

The prime minister claimed ‘these kinds of taxes’ deterred investment, contrary to BP boss saying it would not

Daily Mirror

Boris Johnson hints at windfall tax on oil and gas giants - 'we'll have to look at it'

Brits are being clobbered by rising energy bills while firms rake in huge earnings - with senior Tory MP Robert Halfon describing oil bosses as the 'new oligarchs'

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The Independent UK

Windfall tax for gas and oil giants ‘back on the table’ to help ease cost of living crisis

Chancellor said to be considering plans for windfall tax on gas and oil giants

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

The Guardian - UK

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

The Independent UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

The Guardian - UK

No help, no care, no support – and now no bank

Letters: The prime minister should reflect on the definition of ‘quality of life’ and give some help to pensioners, writes Jenny Lumley. Plus letters from Dr Nick Pratt, Gordon Glassford and Carolyn Sutton

Nottingham Post

Tesco boss reveals heart-breaking request from customers as staff scan shopping

The revelation comes as households continue to feel the financial squeeze

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