BP paid $127.3 million in taxes and fees to the British government in 2021 for its oil and gas production in the North Sea, according to a company report.
The figure compares with a net tax refund of $42.3 million the previous year, according to figures released in BP’s annual report on payments to governments.
The payments only relate to BP’s upstream operations in the country and do not include other corporate taxes such as its retail business.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.