BP (BP.L.) is paying more tax because it is making more profits, Louise Kingham, the UK head of the company, told the Reuters Energy Transition Europe 2022 conference on Wednesday.
BP has posted its biggest profit since 2008, reported a profit of $8.5bn (£6.9bn) in the second quarter
BP posted its largest profit since 2008, thanks to soaring energy prices. The latest forecasts indicated that household bills could rise to more than £3,600 in the winter.