BP’s chief executive has dismissed rising calls for a windfall tax on fossil fuel companies to help UK households weather the record surge in global gas prices after his company made its biggest profits in eight years.
The FTSE 100 oil giant swung to a profit of $12.8bn (£9.45bn) for last year, from a loss of $5.7bn the year before, after cashing in on historic highs in the market price for gas and oil which have fuelled a cost of living crisis for Britons.
