BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea

Meg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than double Revealed: major oil firms make $93bn profits amid war and climate crisis Nils Pratley: BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham BP’s chief executive has urged Andy Burnham to make use of the UK’s oil and gas resources even as the oil company prepares to sell its North Sea business after 60 years in the ageing basin. In a conversation with the new prime minister, Meg O’Neill said the country should prioritise using energy produced in the UK, “where we generate jobs, we generate tax revenue, we generate all those additional positive impacts”. BP’s endorsement of UK oil production came days after the 117-year-old company signalled a plan to exit the North Sea after six decades, as part of a wider plan to streamline its business. The new ministers are also facing calls to reform the North Sea tax regime.

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