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The Latest Breaking News from British Petroleum

Commerce Commission controls on ‘fair’ fuel prices is unfair on climate targets

There are alternatives to price caps that won’t interfere with our climate goals – like a windfall tax on the petroleum industry, writes Prof Timothy Welch.

Newsroom.co.nz

Gas producers using Cop27 to rebrand gas as transitional fuel, experts warn

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

The Guardian - UK

The lost Swansea high street, the vanished bay, and 'hardy people' who built a community

There's a fascinating and little known piece of history of Swansea's Eastside

Wales Online

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Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

The Independent UK

Perth city centre takeaway denied chance to extend late night catering licence

A Perth takeaway owner - refused to extend his catering licence - said visitors from Dundee, Edinburgh and Stirling expect takeaways to be open later

Daily Record

Rishi Sunak fails to commit to raising benefits in line with inflation despite SNP pressure

The Prime Minister was quizzed by SNP Westminster leader Ian Blackford on whether he would boost Universal Credit and state pensions at a time of soaring inflation.

Daily Record

Partially understood

Re: "PM heads to Laos for bridge opening", (BP, Oct 28), and "Prayut mulls more bridges with Laos", (BP, Oct 29).

Bangkok Post

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Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

Radio France Internationale

Calls for windfall tax hike after BP reveals 'eyewatering' profits of £900 per second

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Daily Mirror

The case for an energy windfall tax is simple, the problem is the opt-outs

The allowances are either too generous or something has gone wrong in the design

The Guardian - UK

The Leader podcast: Blackouts, BP profits & tax increases

Plus, autumn budget rumours

Evening Standard

Oil Producer Stocks Exxon, Chevron Advance After Biden Calls For Tax On Profits

Exxon and Chevron edged up Tuesday after the president called on Congress to tax the oil industry.

Investors Business Daily

Tesla Shifts China Factory Workers To US Plant, Complete European Approval For AstraZeneca's COVID-19 Shot, Tesla Eyes Cybertruck Commercialization Next Year: Top Stories Tuesday, Nov. 1

Bloomberg Tesla Migrates Shanghai Factory Workers To Boost US Plant Production

Benzinga

Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

Evening Standard

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Evening Standard

Just Stop Oil block Downing Street gates

Just Stop Oil protesters attempted to scale the gates of Downing Street on Tuesday morning - calling for stiffer windfall taxes for energy firms after BP announced a £7bn quarterly profit. At 11:15am, 22 environmental activists “swarmed towards the gates” of Downing Street, home to Prime Minister Rishi Sunak, with…

Financial Times

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

The Guardian - UK

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Daily Record

BP profits 'utterly obscene' as energy giant earns £7.1 billion in just three months

Energy giants are raking in massive profits at a time many Scots are struggling to pay fuel bills.

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news in one place.

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The Independent UK

BP profits soar in 3Q as pressure increases for windfall tax

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine

The Street

Biden Threatens Big-Oil 'Windfall Tax' as Profits Surge

“It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break," said President Biden

AFP

BP quarterly profit surges on high energy prices

London (AFP) - BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.

Insider UK

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

The National (Scotland)

BP profits more than double as pressure for greater windfall tax grows

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.

Manchester Evening News

BP profits almost tripled to £7.1bn amid high oil and gas prices

Soaring oil and gas prices have contributed to the profits

The Independent UK

BP profits double due to soaring oil and gas prices

It comes week after Shell announced it had doubled profits from same quarter last year

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