BP Paid £1.2 Billion in UK Taxes in 2025
The energy firm reported its total UK tax payments for 2025, including amounts from the energy profits levy. The figures were released as the government considers changes to tax rules for overseas activities.
The IndependentBP stated it paid £1.2 billion in UK taxes for 2025. The total included £422 million from the energy profits levy, a 38% charge on oil and gas production profits. The company also paid corporation tax, employer national insurance contributions, business rates, and customs duties.
When taxes collected on behalf of the government such as employee income tax, VAT, and excise duty are added, the overall amount reached £3.4 billion.
The report follows an announcement last month by the chancellor to close a tax loophole involving overseas activities of oil and gas firms. The change is expected to raise hundreds of millions of pounds. BP reported that its North Sea operations, retail network of more than 1,100 sites, aviation fuel business, and trading hub supported an estimated 63,000 jobs and contributed £7 billion to UK GDP, according to an Oxford Economics estimate.
The firm said it directly employed 12,960 people in 2025. Its UK head of country stated the operations include North Sea production, retail sites, aviation fuelling at more than 60 airports, lower-carbon investments, a London trading hub, and research centres.
The government has introduced an Energy Independence Bill that would end new licences for oil and gas exploration while allowing existing fields to continue operating. Results from BP and Shell earlier this year showed higher profits linked to energy trading amid volatile oil prices.
