In 2022/23, the UK government's North Sea revenue was 10.57 billion British pounds, compared with 2.66 billion in the previous reporting year. North Sea revenue refers to revenues from petroleum revenue tax, corporation tax and license fees from all offshore oil and gas activity on the North Sea.
Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23
(in million GBP)
* North Sea revenue includes revenue derived from petroleum revenue tax, corporation tax and licence fees. The source adds the following information: 'North Sea revenue is subject to annual fluctuations and is driven by a number of factors, including the oil price, the sterling dollar exchange rate, production, operating expenditure, capital investment, and the prevailing fiscal regime.
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Scottish Government. (August 16, 2023). Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23 (in million GBP) [Graph]. In Statista. Retrieved October 15, 2024, from https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. "Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23 (in million GBP)." Chart. August 16, 2023. Statista. Accessed October 15, 2024. https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. (2023). Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23 (in million GBP). Statista. Statista Inc.. Accessed: October 15, 2024. https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government. "Annual Government Revenues from Offshore Oil and Gas Activity on The North Sea in The United Kingdom from 2008/09 to 2022/23 (in Million Gbp)." Statista, Statista Inc., 16 Aug 2023, https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
Scottish Government, Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23 (in million GBP) Statista, https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/ (last visited October 15, 2024)
Annual government revenues from offshore oil and gas activity on the North Sea in the United Kingdom from 2008/09 to 2022/23 (in million GBP) [Graph], Scottish Government, August 16, 2023. [Online]. Available: https://www.statista.com/statistics/350890/united-kingdom-uk-north-sea-revenue/
