The BP boss must have winced when the accounts department confirmed blockbuster quarterly profits of $6.2 billion this week.
. It sounds like a big number but that works out at £2.25 billion a year — basically what investors will get in the next few months — and Looney has admitted that a windfall tax would not change BP’s investment plans.— but CEO Ben van Beurden has the good grace to put off higher payouts until the heat has died down.
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