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BP takes $1.5bn hit over US tax changes, joining Shell

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BP takes $1.5bn hit over US tax changes, joining Shell

02 January 2018, London — Oil giant BP will take a one-off $1.5 billion charge to adjust to new U.S. tax rules, joining rival Royal Dutch Shell and other companies, but expects a long-term boost from the corporate-friendly tax rates, it said on Tuesday. The massive $1.5 trillion tax overhaul that U.S. President Donald Trump …

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BP takes $1.5bn hit over US tax changes, joining Shell BP takes $1.5bn hit over US tax changes, joining Shell Reviewed by Crude Oil Brokers on 09:38 Rating: 5

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