Oil company profits double buy where is the tax revenue?
Indylibrary / 03.03.2023

Oil company profits double but are they taxed appropriately?

Shell last week reported an annual profit of almost $40bn for 2022 (£33.3bn). This is double their profits of $19.2bn (£16bn) for 2021 and smashed their previous record of $28.4bn (£23.7bn) set in 2008. Just today, BP also reported profits for 2022 of $28bn (£23.3bn), more than double the amount it made in 2021 and the highest in the company’s 144-year history. 

Read more at https://www.businessforscotland.com/oil-company-profits-double-but-are-they-taxed-appropriately/