'Yet another day of enormous profits at an energy giant': Oil major BP reports record earnings

Play Video

Ed Miliband, the opposition Labour Party’s spokesman on climate issues, called on the U.K. government to bring forward a “proper” windfall tax on energy companies. Bumper profits for energy companies worldwide have sparked demands that the fossil fuel industry do more to offset high energy bills even as they cut climate-damaging carbon emissions. U.S.-based Exxon Mobil Corp. posted record earnings of US$55.7 billion last week.Article content

BP on Tuesday said it would boost investment in renewable energy, hydrogen and electric vehicle charging as well as its oil and gas businesses, plowing an additional US$8 billion into the two segments through 2030.Article content

Government is responsible for oil prices. They set the tone. The market responds. Simple.

This is an irresponsible article, how many years since 2014 did they have a loss? If you are at all concerned with your cost of energy look at taxation. People pay their energy costs with money they have already paid tax on.

Do ya think the ones at the top could maybe sell a yacht or something and help the rest of us Schmucks out. We’re dying.

Good job. We should congratulate the business on being profitable.

Good for them. 👏🏻

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Yet another day of enormous profits at an energy giant': Oil major BP reports record earningsCalls in the U.K. to hike the windfall tax on oil companies increased after oil major BP reported US$28 billion in profit for 2022. Read on and the Conservatives wanted the Gov't to bail out Oil majors in Canada during the pandemic
Source: nationalpost - 🏆 10. / 80 Read more »

'Yet another day of enormous profits at an energy giant': Oil major BP reports record earningsCalls in the U.K. to hike the windfall tax on oil companies increased after oil major BP reported US$28 billion in profit for 2022. Read on Where was the headline 'Yet another day of enormous profits at a tech giant' when the FANG companies reported record earnings year after year for 10+ years between 2010 & 2020? energy investing stocks $AAPL $XOM $BP $AMZN $MSFT Enormous profits now. Enormous losses in 2020 and 2021.
Source: financialpost - 🏆 7. / 85 Read more »