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Calls for windfall tax after BP profit surge

financeApr 28, 2026291,070

BP reported $3.2 billion profit in the first quarter after oil prices spiked following the Iran war, more than doubling year-on-year. The company said "exceptional" oil trading and higher commodity prices drove the jump, with results beating forecasts by more than half a billion. The Green Party and campaigners urged a windfall tax on energy firms to fund household bill relief and investment in renewables so companies shoulder costs tied to price rises.

Mark Chadbourn
@chadbourn.bsky.social

BP’s profits have more than doubled because of the Iran War. Time for a windfall tax.

88445d ago
Chris Barks13

Nah, they wait that it trickles down and benefits the consumer 😂😂😂 Meanwhile, Trump just paid another nearly $1B to companies stopping off shore wind farms and investing in fossil fuel power generation. That's $2B including what he paid to stop another project in March. It's just tax payer's money

RG Poulussen12

Shell also. Bunch of anti-socials.

GreenerFutures7

On the positive side, enthusiasm for clean energy has rarely been higher. All we need now is some proper energy market reform and we’ll start really cooking on induction hobs. Meanwhile, yes, tax the windfall to high heaven.

Kerry Jones5

This is why I’m against fuel duty reduction by the UK Gov. we won’t feel the benefit of it, the price of fuel will not be reduced or if it is, it will be a short lived change. Prices back up and consumers yet again paying the price whilst the oil co’s make billions in profit.

The Resistance CO4

Time to dismantle the oil cartels.

Ed4

Do not look at Australia right now. Just. Don't.

Carla Martin/Carlabela14

Yes, I noticed this yesterday. Absolutely.

Dr Eric Farmer3

Why do oil companies act as if massive profits are inevitable? Don’t they have any control over the prices they charge?

lisamoran.bsky.social3

Trump needs to pay his benefactors somehow

BrianinFrance3

If the UK had a government that supported its people, but...

stevethdemocrat2

Instead we'll see a lotta kickbacks 😒

Claes Hansson2

How wonderful! They sure need some money.

patticake3.bsky.social2

I think it’s past time for windfall tax. These SOb’s have been doing this forever.

rogeralien.bsky.social2

Wars are good for some business

3 sources