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BP shares break higher despite one-off windfall tax


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The UK government has, expectedly, slapped a one-off tax on oil companies’ profits. Jeremy Naylor looks at the price of Brent and indicates the price of unleaded at various key points along the chart as a relatable barometer.

In this context big oil companies have shrugged this off, indeed BP having just risen to a new post-Covid high, but small-cap oil is not so happy as seen in the chart of Hurricane.

 

 

 

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