Get all your news in one place.
100's of premium titles.
One app.
Start reading
Insider UK
Insider UK
Business
Henry Saker-Clark & Peter A Walker

BP profits more than double to £7.1bn amid windfall tax pressure

BP's profits have more than doubled for the past three months, amid ratcheting calls for stiffer windfall taxes for energy producers.

It came as the London-listed oil giant confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival Shell.

BP reported that underlying replacement cost profits - its preferred measure - surged to £7.1bn for the quarter to September, compared with £2.9bn a year earlier.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.