The UK “Oil Major” has to make payments to governments globally as part of global operations.
The numbers are huge, payments paid to governments that are used by governments to pay for public services.
BP’s socioeconomic contribution
“BP makes a broader socioeconomic contribution to countries in which we operate, in addition to the payments that are required to be reported under the Regulations. We make payments to governments in connection with parts of our business other than extractive activities – for example in relation to the transportation, trading, manufacture and marketing of oil and gas. As well as government payments, bp contributes to the economies of the countries in which we operate by providing jobs for employees and contractors, purchasing materials from local suppliers and undertaking social investment activities“
Total payments $24,842.30 Million = $24.842 Billion
Courtesy of BP PLC