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MYSTERIOUS: 43 - You Need To See This

The case for an energy windfall tax is simple, the problem is the opt-outs

The allowances are either too generous or something has gone wrong in the design

The Guardian - UK

The Leader podcast: Blackouts, BP profits & tax increases

Plus, autumn budget rumours

Evening Standard

Tesla Shifts China Factory Workers To US Plant, Complete European Approval For AstraZeneca's COVID-19 Shot, Tesla Eyes Cybertruck Commercialization Next Year: Top Stories Tuesday, Nov. 1

Bloomberg Tesla Migrates Shanghai Factory Workers To Boost US Plant Production

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Just Stop Oil protesters target Downing Street calling for stiffer windfall taxes after BP’s bumper profit

‘It’s time for a serious windfall tax on big oil’ said the activist group

Evening Standard

Just Stop Oil block Downing Street gates

Just Stop Oil protesters attempted to scale the gates of Downing Street on Tuesday morning - calling for stiffer windfall taxes for energy firms after BP announced a £7bn quarterly profit. At 11:15am, 22 environmental activists “swarmed towards the gates” of Downing Street, home to Prime Minister Rishi Sunak, with…

Evening Standard

Bumper profits raise pressure on oil majors

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

Financial Times

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

The Guardian - UK

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BP profits 'utterly obscene' as energy giant earns £7.1 billion in just three months

Energy giants are raking in massive profits at a time many Scots are struggling to pay fuel bills.

Daily Record

BP profits soar in 3Q as pressure increases for windfall tax

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine

The Independent UK

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

Insider UK

BP profits more than double as pressure for greater windfall tax grows

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.

The National (Scotland)

BP profits almost tripled to £7.1bn amid high oil and gas prices

Soaring oil and gas prices have contributed to the profits

Manchester Evening News

BP profits double due to soaring oil and gas prices

It comes week after Shell announced it had doubled profits from same quarter last year

The Independent UK

BP says its profits have doubled as Brits battle high energy and fuel prices

It made £7.1 billion in just a few months

Wales Online

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The Guardian - UK

Jobs at risk as Morrisons shuts 132 McColl’s stores; calls grow for broader energy windfall tax – as it happened

Supermarket chain plans to close loss-making McColl’s stores, as it tries to regenerate business

The Guardian - UK

Calls for extension of windfall tax as BP posts ‘eye-watering’ profits

Company under pressure after reporting £7bn profit in third quarter as Ukraine war drives up gas prices

Daily Mirror

BP profits more than DOUBLE to £7.1billion as Brits suffer in cost of living hell

The London-listed oil giant reported that underlying profits surged to £7.1billion ($8.2 billion) for July to September, compared with £2.9billion ($3.3 billion) a year earlier

Evening Standard

FTSE 100 Live: BP profits top £7 billion, house prices fall, Ocado shares soar 33%

BP is the latest oil major to report huge profits after revealing a quarterly surplus of $8.2 billion (£7.1 billion), driven by a surge in prices.

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news in one place.

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Benzinga

BP Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The National (Scotland)

Campaigners fear millions in Just Transition funding is going towards wrong efforts

ENVIRONMENTAL campaigners have raised concerns that millions of pounds from the Scottish Government’s Just Transition Fund have been awarded to an…

Bangkok Post

No middle way

Re: "Coming out swinging", (BP, Oct 23), and "New parties present faint flicker of hope", (Opinion, Oct 22).

The Guardian - UK

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Guardian - UK

Even Shell can see it is earning too much from this crisis – the energy market needs a profits cap

The government could be doing so much more to protect consumers, says former BP executive Nick Butler

Benzinga

Check Out What Whales Are Doing With BP

A whale with a lot of money to spend has taken a noticeably bullish stance on BP. Looking at options history for BP (NYSE:BP) we detected 10 strange trades.

Reuters

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

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