BP pays UK oil tax for first time in six years, company report says

BP paid a total of $127.3 million to the UK HM Revenue and Customs, Crown Estate and Oil and Gas Authority

BP HAS paid tax on its operations in the North Sea for the first time in at least six years, according to a company report.

The energy giant paid a total of $127.3 million to the UK HM Revenue and Customs, Crown Estate and Oil and Gas Authority for 2021, whereas for 2020, the company received a tax refund of $42 million.