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The Latest Breaking News from British Petroleum

Oil giant BP has 'more cash than we know what to do with' after almost £10bn profits

BP boss Bernard Looney, who has splashed out on a £5.2million apartment, is set for a bumper bonus. Yet the company rejected calls for a windfall tax on oil and gas producers to help ease the cost of living crisis

Daily Mirror

After BP’s £10bn year here are three reasons for a windfall tax rethink

Sunak still has time to make a ‘cash machine’ withdrawal to ease consumers’ energy bill pain

The Guardian - UK

Windfall tax ruled out by UK Government as oil companies bank soaring profits

Labour renewed calls for a windfall tax as BP reported £9.5 billion in profits.

Daily Record

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Recap: BP Q4 Earnings

BP (NYSE:BP) reported its Q4 earnings results on Tuesday, February 8, 2022 at 03:00 AM. Here's what investors need to know about the announcement.

Benzinga

BP profits explained and where that money goes

PA looks at the increasing calls for a windfall tax and what the oil giant has done with all the extra profits.

The Independent UK

BP reports £9.5bn profits as energy prices surge amid calls for windfall tax on oil giants

Bumper earnings have led to intensifying pressure for higher taxes on the sector as households face crippling bill increases

The Independent UK

The best way to reform BP: buy more of the shares

City Comment: How would a windfall tax work, anyway?

Evening Standard

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BP profits surge as high gas prices hit household finances

BP PLC has reported its biggest full-year profit for eight years

The Independent UK

BP boasts record profits amid energy bills crisis - raking in £9.5billion

British Petroleum notched up £3.01 billion of profits in the final three months of 2021 alone, which was better than expected and up from just £85.1 million a year earlier

Daily Mirror

BP swings to £9.5 billion annual profit

The results follow the oil giant slumping to its biggest annual loss in 2020

Insider UK

BP announces £9.5bn annual profit amid calls for windfall tax to help cost of living crisis

The figures follow rebounding oil prices after economies worldwide have reopened following the early stages of the pandemic

Wales Online

BP swings to highest annual profit in eight years

Calls are growing for a windfall tax on energy giants as they reap hefty profits while households and businesses face a cost-of-living crisis.

The Independent UK

FTSE 100 Live: BP promises UK spending, Ocado shares slide, Tui optimistic for summer travel

BP’s annual profits today rocketed to $12.8 billion (£9.5 billion), fuelling calls for a North Sea windfall tax.

Evening Standard

Ofgem admits failings over energy regulation, and warns Ukraine conflict would push bills higher – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Guardian - UK

‘Cash machine’ BP dismisses calls for windfall tax as profits hit eight-year high

Company swings to $12.8bn profit from loss of $5.7bn the year before as it cashes in on gas and oil price hikes

Evening Standard

BP profits rocket as critics call for windfall tax

BP made profits of $12.8 billion (£9.5 billion) in 2021 it revealed today, an amount that is likely to lead to fresh calls for a windfall tax on the energy giants.

Benzinga

Earnings Outlook For BP

BP (NYSE:BP) is set to give its latest quarterly earnings report on Tuesday, 2022-02-08. Here's what investors need to know before the announcement. Analysts estimate that BP will likely report an Earnings Per Share (EPS) of $1.17.

The Guardian - UK

As energy bills rise, oil giants are poised to make unpopular profits

BP, like its competitors, looks like becoming a ‘cash machine’ again this week as it surfs the wave of soaring gas prices

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The Guardian - UK

£40bn profits for BP and Shell fuel calls for windfall tax on energy firms

‘Obscene’ amounts of surplus cash should be used to ease cost of living crisis, MPs told

StockNews.com

3 Top-Rated Foreign Oil Stocks to Buy Now

Oil prices surpassed $90 for the first time since 2014, due to surging demand but limited supply. Many experts believe oil prices around the world will continue to rally. Therefore, we think foreign oil stocks BP (BP), Eni (E), and Petróleo Brasileiro (PBR) stocks are ideal bets now.

Benzinga

Price Over Earnings Overview: BP

Daily Mirror

How much profit did Shell and BP make in 2021 - as Brits suffer 54% energy price hike

Energy companies like Shell, Exxon and BP are enjoying huge profits, all while every day Brits face a massive rise in gas prices amid a tough cost of living crisis

Insider UK

Aberdeen City Council confirms BP as partner for new hydrogen hub

The project is expected to unlock £700m for the Scottish economy and bring thousands of jobs to the city

The Guardian - UK

No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The New Daily

‘Very difficult to justify’: Watchdog slams major retailers for price gouging on rapid antigen tests

Major retail chains BP and IGA have been named and shamed by the consumer watchdog for ripping off shoppers with exorbitant rapid antigen test (RAT) prices.

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