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Calls for windfall tax after BP profit surge

financeApr 28, 202625678

BP reported $3.2 billion profit in the first quarter, more than double a year earlier, after oil and gas prices spiked following the Iran war. The company said an "exceptional" contribution from oil trading drove much of the rise and its results beat forecasts by more than half a billion. Opposition politicians, led by the Greens, renewed calls for a windfall tax on energy firms to use the proceeds for household bill support and renewables. A windfall tax would redirect sudden industry gains into relief programs and change how energy companies allocate revenue for fossil fuel and clean-energy investments.

Mark Chadbourn
@chadbourn.bsky.social

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

5314h ago
RG Poulussen10

Shell also. Bunch of anti-socials.

Chris Barks9

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

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.

Ed4

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

GreenerFutures4

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.

Carla Martin/Carlabela14

Yes, I noticed this yesterday. Absolutely.

lisamoran.bsky.social3

Trump needs to pay his benefactors somehow

BrianinFrance3

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

Dr Eric Farmer2

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

Claes Hansson2

How wonderful! They sure need some money.

Dr Ellie Chowns MP
@elliechowns.bsky.social

While ordinary British families struggle to cope with rising energy prices, oil giant BP has more than doubled its profits in the wake of Trump and Netanyahu's illegal war - an absolute disgrace. We need a further windfall tax now. news.sky.com/story/oil-gi...

844h ago
Jeff8

Taking the piss and taking everyone for a ride. Profit from war. Fucking disgrace.

Mark Ruskell
@markruskell.bsky.social

While ordinary people suffer the oil corporations and their shareholders are raking it in #windfalltax

104h ago
Graham Simpson
@grahambs.bsky.social

BP profits more than double as Iran war sends oil prices higher - @eddavey.libdems.org.uk was right at PMQs to call for a windfall tax to reduce our travel costs. Starmer wrongly called that economically illiterate! www.bbc.co.uk/news/article...

125h ago
Daily Herald #FBPE #NAFO 🇬🇧🇺🇦🇬🇱
@dailyherald.bsky.social

🚨 BREAKING: British oil and gas giant BP has more than doubled profits due to the Iran war - from $1.38bn to $3.2bn Fossil fuel producers like BP are still subject to a windfall tax - a levy imposed by the Government in the wake of Russia's invasion of Ukraine

62h ago
Patrick Dunleavy
@patrickdunleavy.bsky.social

Time for a big windfall tax on all oil firms operating in the UK Oil giant BP announces huge rise in profits in first results since Iran war | Money News | Sky News news.sky.com/story/oil-gi...

62h ago
End Fuel Poverty Coalition
@endfuelpoverty.bsky.social

🚨 Yesterday we revealed energy firms posted £23.1 billion in profit from UK operations in 2025. That was before the war in Iran. Today BP reported £2.4 billion profit in just three months, beating forecasts by over half a billion. #WindfallTax #EndFuelPoverty #EnergyBills #EnergyPrices [1/3]

23h ago
BenInChamonix
@beninchamonix.bsky.social

By all means advocate for a wealth tax / energy company windfall tax and use that money to invest in renewables. But please don’t use the money to convince people it’s ok to keep on burning ever more scarce gas & oil. Bad for everyone.

43h ago
Penny Creed
@pencreed.bsky.social

Windfall tax their arses and put the proceeds into renewables!

43h ago
Paul Murphy
@paulmurphy.bsky.social

BP announcing profits DOUBLE to $3.2bn (1st quarter) from reduced production Meanwhile most of us struggle to pay our energy bills Anyone out there still believe a windfall tax would be anti-business? #R4today

25h ago
Jay Lionel
@jaylionel.bsky.social

You know a windfall tax should be automatically applied in these situations. Think how much good taxing these price gouging corporations could bring.

33h ago
JoobileeJoolz
@joobileejoolz.bsky.social

So we tax the money they make here, it's hardly rocket science, nor is that a reason not to implement a windfall tax. 🙄

33h ago
Mike D London
@mikedlondon.bsky.social

Sounds like a good time to impose a windfall tax on the fossil fuel polluters.

33h ago
Jason Martin
@jasonflashyflicks.bsky.social

How can there not be a windfall tax for BP? With soaring profits, how can our energy bills be rising? I know what answers cometh. This is just by way of questioning where we are as a society...

35h ago
Jeffy 🌿
@jeffreon.bsky.social

The solution suggested by the Greens is to place a windfall tax on energy corporations and use the money raised to support people with bills. Essentially making the energy companies pay for their own price rises.

24h ago
3 sources
theguardian.comBP profits more than double as oil and gas prices soar in Iran warbbc.co.ukBP profits more than double as Iran war sends oil prices higherstandard.co.ukBP slammed over ‘astronomical’ profits amid oil price spike caused by Iran war

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