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BP Paid Tax to UK on North Sea Business for First Time in Years

  • Company’s extractive business paid $127 million to UK in 2021
  • BP got refunds in prior years on investment, decommissioning
The BP Plc Eastern Trough Area Project oil platform in the North Sea.

The BP Plc Eastern Trough Area Project oil platform in the North Sea.

Photographer: Andy Buchanan/AFP/Getty Images

BP paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the company’s latest payments to governments report.

The news comes amid tension between the UK oil industry and the government over a new 25% windfall tax that will fund programs to ease the pain of high energy costs on households. The levy was introduced after several majors posted record profits.