BP rakes in quarterly profit of $8.2 billion as oil majors post another round of bumper earnings

" and threatened to pursue higher taxes if industry giants did not work to cut gas prices.

Oil and gas industry groups have previously condemned calls for a windfall tax, warning it would fail to resolve a sharp upswing in energy prices and could ultimately deter investment. "This quarter's results reflect us continuing to perform while transforming," BP CEO Bernard Looney said in a statement.

"We remain focused on helping to solve the energy trilemma – secure, affordable and lower carbon energy. We are providing the oil and gas the world needs today – while at the same time - investing to accelerate the energy transition," Looney said.

When demand is high and supply is low…

Windfall tax is needed

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Biden threatens oil companies with windfall taxPresident Joe Biden threatened Monday to impose a tax on oil companies' 'excess profits'... Biden says he’s done nothing to slow domestic production. Liar!!!
출처: HoustonChron - 🏆 609. / 51 더 많은 것을 읽으십시오 »

Biden floats tax on oil companies that don't lower pump prices, increase production'If they don't, they're going to pay a higher tax on their excess profits.' President Joe Biden sent a stern message to big oil companies whose record earnings have done little for consumers who are still battling high gas prices. Someone is desperate to look in control. He has zero leverage over oil firms and will lose the house/senate handily. Wow he can barely talk. He needs to resign. “Gimme me a break, enough is enough” - Joe Biden
출처: USATODAY - 🏆 100. / 63 더 많은 것을 읽으십시오 »