THE oil and gas industry kicked up a fuss over the windfall tax extension in the Spring Budget - but we told how a loophole keeps profits coming in for shareholders.

The Scottish Greens have said for any "significant" meaningful change to happen then the loophole allowing firms tax breaks will have to be closed.

We've pulled together a few key graphs on figures that relate to the issue.

READ MORE: UK Oil and gas windfall tax loophole 'must be closed'

Despite the windfall tax - firms are raking in billions in profits

Shell, BP and Equinor are some of the biggest producers in the North Sea, and as you can see from the above graph, despite the Energy Profits Levy being in place in 2023, that didn't stop them from making billions. While the amount they pulled in may have dropped a little, the industry is clearly making a decent amount from Scotland's resources.

Where does the oil go?

Despite the UK ramping up the number of oil licences they've handed out to firms - and putting into law this will have to be done annually - an analysis found a whopping 80% of it is bound for the international market.

That means it doesn't help lower energy prices for consumers or enhance energy security, as Tory ministers have previously claimed.

READ MORE: More than 80 per cent of North Sea oil is exported out of UK

How many jobs are at stake?

Reports have suggested 100,000 jobs could be wiped out if the windfall tax is hiked up any higher - Chancellor Jeremy Hunt kept it at the same level but extended the timeline by a year - but this would equate to the entire collapse of the industry.

The Greens have argued those jobs must be protected by ensuring workers a just transition into renewables, and closing the tax loophole which guarantees funding for oil and gas projects is essential to this.