BP makes historic £23bn profit as Brits freeze and the planet burns

Just Stop Oil protests at BP
Just Stop Oil protests at BP

Campaigners call for polluters’ tax as oil firms make record gains

UNION leaders have attacked Tory weakness on taxing big oil companies after BP announced record-high profits off the back of the energy crisis.

As millions struggle to heat their homes across the UK, the energy giant revealed it raked in $27.7bn (£23bn) in profit in 2022 — more than double the previous year.

The firm also admitted that it will miss its carbon emissions pledge, saying it was now aiming to reduce emissions by 20-30 per cent by 2030, down from 35-45 per cent, and will continue to invest in oil and gas.

It comes after oil firm Shell also reported bumper profits last week, totalling an eye-watering $40bn (£33bn) — the highest in the company’s 115-year history — with both firms benefiting from the sharp rise in energy prices linked to the war in Ukraine.

The obscene profits have sparked renewed calls for PM Rishi Sunak to toughen the government’s “inadequate windfall tax on energy firms.”


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