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The Latest Breaking News from British Petroleum

Boris Johnson says windfall tax ‘not the right thing’ but refuses to rule out U-turn

The prime minister claimed ‘these kinds of taxes’ deterred investment, contrary to BP boss saying it would not

The Guardian - UK

Boris Johnson hints at windfall tax on oil and gas giants - 'we'll have to look at it'

Brits are being clobbered by rising energy bills while firms rake in huge earnings - with senior Tory MP Robert Halfon describing oil bosses as the 'new oligarchs'

Daily Mirror

Windfall tax for gas and oil giants ‘back on the table’ to help ease cost of living crisis

Chancellor said to be considering plans for windfall tax on gas and oil giants

The Independent UK

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North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

The Guardian - UK

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns

The Guardian - UK

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

The Guardian - UK

Oil firms collect £22bn in profits as fuel and energy bills soar

BP, Shell and Exxon among firms reporting big rises in revenues, while Britsh Gas and SSE have boosted their earnings expectations

The Independent UK

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No help, no care, no support – and now no bank

Letters: The prime minister should reflect on the definition of ‘quality of life’ and give some help to pensioners, writes Jenny Lumley. Plus letters from Dr Nick Pratt, Gordon Glassford and Carolyn Sutton

The Guardian - UK

Tesco boss reveals heart-breaking request from customers as staff scan shopping

The revelation comes as households continue to feel the financial squeeze

Nottingham Post

Forgotten Gains: Man Scoops GBP 200K On Lottery After Forgetting He Bought Tickets

The 65-year-old winner comes from Oakland County in the US state of Michigan.

Zenger

Tesco customers' heartbreaking requests to staff as supermarket boss demands action over cost of living crisis

The Tesco boss raised alarming concerns over the number of customers who cannot afford food

Daily Record

‘Overwhelming need’ for windfall tax on energy firms - Tesco chair

Comments come ahead of the Queen's speech at the opening of Parliament

Insider UK

Tesco customers are asking till staff to stop scanning when they hit set amount

The chairman of the supermarket giant says shoppers are 'extremely stretched'

Wales Online

Tesco customers 'are asking staff to stop scanning their food' as boss hits out

John Allan said customers are "extremely stretched" as costs soar

Manchester Evening News

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Evening Standard

FTSE share buybacks on track to smash records with bumper payouts from BP, Shell and more

FTSE 100 companies plan to return £37 billion to investors this year

The Guardian - UK

‘I don’t want to be a little Englander’ – Cornelia Parker on BP, bombs and becoming a German

She is a politically charged artist whose work can be literally explosive. Ahead of a huge show, Parker talks about ‘cartoon violence’, recreating a corridor in Parliament – and why she may apply for German citizenship

Benzinga

BP: Dividend Insights

Wednesday marks the last chance for investors to receive the next dividend payout from BP (NYSE:BP).

The Guardian - UK

Windfall tax on oil giants won’t hurt British pensioners, thinktank finds

Review by Common Wealth reveals that UK pension funds hold tiny fraction of Shell and BP shares

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The Guardian - UK

‘Don’t tax energy giants – they invest in Britain’s future.’ Let’s drill down into that

North Sea developments aren’t about lowering bills or securing energy supplies – they’re just business as usual, says Tessa Khan, director of Uplift UK

Evening Standard

The Leader podcast: Should Shell’s oil mega-profits fund struggling families?

Shell has announced a shock jump in its profits - nearly triple what it was last year, which has sparked calls for a windfall tax on oil and gas giants to help families struggling with the cost-of-living squeeze.

Chronicle Live

Shell and BP reveal record profit margins fuelling calls for windfall tax on oil and gas firms

Lib Dem leader Sir Ed Davey says it's "completely unforgivable" that the Government is yet to tax the super-profits of energy companies

Evening Standard

City comment: BP boss Bernard Looney is doing himself no favours on windfall tax

Bernard Looney is not doing himself any favours.

Daily Mirror

Calls for windfall tax grow as oil and gas giant Shell's profits soar to £7bn

Boris Johnson faces renewed demands to act as Brits face a cost of living crisis due to rising energy bills - while firms rake in massive earnings

Evening Standard

Evening Standard Comment: As Shell and BP make bumper profits, it could be time to consider a windfall tax

The timing is certainly awkward. Oil giant Shell has reported underlying profits of £7.2 billion in the first quarter of this year, up 43 per cent on the final three months of 2021, thanks to high oil and gas prices. It comes days after BP announced profits of more than…

Evening Standard

What is a windfall tax? Ed Miliband attacks loopholes in oil and gas levy

The Shadow Climate Secretary said the figures show government “failure to act on the windfalls of war being pocketed by the oil and gas producers”

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