BP and Shell have recorded massive profits this year
Following more reports of massive profits for energy companies amidst the backdrop of the soaring cost of living, calls have been made for an increased windfall tax.
With this latest news, we want to know if you think the windfall tax on energy companies should be greater.BP made $8.2 billion between July and September this year and while they will pay $800 million in windfall taxes as part of a $2.5 billion total in tax this year, Shell won't be paying any windfall tax despite their $9.5 billion profits from July to September.
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BP and Shell’s divergent tax bills highlight UK windfall flaws\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
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BP profits more than double to $8.2bn as calls grow for bigger windfall taxOil and gas giant BP has revealed its third-quarter profits surged to $8.2bn (\u00a37.1bn) between July and September, more than double compared to the same period last year.
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