We’re committed to:
Complying with tax laws.
Paying and reporting our taxes on time.
Being transparent about our tax principles and the taxes we pay.
Having open and constructive conversations with stakeholders, including governments and tax authorities.
Our purpose and code of conduct inform the responsible approach we take to managing our taxes.
Our total tax contribution
bp's total tax contribution for 2025 was $41.1 billion (2024 $45.8 billion). This comprises the taxes we paid and collected on our global operations.
$44.2bn
Total tax contributionᵃᵇᶜ (2024: $45.8 billion)
$10.9bn
Total taxes paid ᵃᵇ (2024 $13.5 billion)
$33.3bn
Total taxes collected ᵃᵇ (2024 $32.3 billion)
Where we pay our taxes
We had operations in 61 countries in 2025. More than 98% of the total taxes we paid and 91% of total taxes we collected arose in our major countries of operation.
Australia | $5,447m |
Azerbaijan | $541m |
Brazil | $182m |
Canada | $(48)m |
Egypt | $391m |
Germany | $10,309m |
Hungary | $80m |
India | $395m |
Indonesia | $210m |
Malaysia | $48m |
Mexico | $39m |
Netherlands | $454m |
New Zealand | $226m |
Oman | $684m |
Poland | $796m |
Singapore | $86m |
Spain | $2,333m |
Trinidad and Tobago | $331m |
UAE | $4,192m |
UK | $4.448m |
US | $9,692m |
Our responsible tax principles
Transparent reporting about our tax payments and practices can enable more meaningful engagement with our stakeholders around bp’s purpose to deliver energy to the world, today and tomorrow.
In 2020 we endorsed B Team responsible tax principles which set out a responsible approach to tax and support stable, secure and sustainable communities. We have adopted The B Team’s seven Responsible Tax Principles in full. Our tax principles are aligned with the bp code of conduct and our beliefs.
Our Tax Report 2025 provides examples of how we embed these responsible tax principles. For more detailed information, please refer to our Responsible Tax Principles.
Accountability and governance
Tax is a core part of corporate responsibility and governance, and our tax matters are overseen byour board of directors.
Compliance
We comply with the tax legislation of the countries in which we operate and pay the right amount of tax at the right time, in the countries where we create value.
Business structure
We will only use business structures that are driven by commercial considerations, are aligned with business activity and which have genuine substance. We do not seek abusive tax results.
Seeking and accepting tax incentives
Where we claim tax incentives offered by government authorities, we seek to ensure that they are transparent and consistent with statutory or regulatory frameworks.
Supporting effective tax systems
We engage constructively in national and international dialogue with governments, business groups and civil society to support the development of effective tax systems, legislation and administration.
Transparency
We provide regular information to our stakeholders, including investors, policy makers, employees, civil society and the general public, about our approach to tax and taxes paid.
Country by country report
We publish data from our OECD country by country report for the calendar year 2025. The report focuses on corporate taxes and contains financial data for all countries where we have a taxable presence, including our corporate income tax payments.
Although we are not formally required to publish this report, we believe it can help improve our stakeholders’ understanding of our activities, deepen their trust in our approach to tax and make information more accessible.
Our tax reports
Read more
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