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

Baker Hughes: US Rig Count Remains Steady

Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China

Orsted says US Green Energy Demand Will Grow Regardless of Election Results

Current News

Trump Pick Likely to Ratchet Up GoM Leasing

Seatrium Launches Digital Learning Lab

China Starts Up Offshore Solar Park

GE Vernova Probe Finds Corners Were Cut

Subscribe for OE Digital E‑News