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BP expects to pay up to 1 billion pounds in UK taxes in 2022

05/03/2022

Less than a minute

2022.05.03 09:52

BP expects to pay up to 1 billion pounds in UK taxes in 2022
FILE PHOTO: The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly

LONDON (Reuters) – BP (NYSE:BP) expects to pay up to 1 billion pounds ($1.25 billion)in taxes in Britain on its 2022 profits, it said on Tuesday reporting its highest profit in over a decade.

It plans to invest up to 18 billion pounds in Britain until 2030 on producing oil, gas, wind power, electric car charging and other projects, it added.

($1 = 0.7997 pounds)

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05/03/2022

Less than a minute