Calls for extension of windfall tax as BP posts ‘eye-watering’ profits

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Company under pressure after reporting £7bn profit in third quarter as Ukraine war drives up gas pricesJeremy Hunt faced renewed calls for an extension to the windfall tax on oil and gas companies as BP posted “eye-watering” profits of $8.2bn (£7bn) in the third quarter.BP’s profits have soared this year as Russia’s invasion of Ukraine has pushed up wholesale gas prices. It said the performance of its gas business had been “exceptional”. Continue reading... ...

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