Article 6BBT9 BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

by
Alex Lawson
from World news | The Guardian on (#6BBT9)

Oil and gas company beats analysts' forecasts, with profits reaching $5bn in first three months of year

Bumper profits at BP have been labelled heinous" and sparked renewed calls for a tougher windfall tax, after the oil and gas giant recorded one of its best ever starts to the year while Britons struggled to pay high energy bills.

The energy company said its underlying profits reached $5bn (4bn) in the first three months of the year, outstripping analysts' forecasts of $4.3bn.

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