BP profits DOUBLE to £5billion as energy and petrol prices trigger cost of living crisis
Daily Mirror says Oil giant BP’s profits have more than doubled in the past year as oil and gas prices soared for households.
The company today reported an underlying profit of $6.2bn (£4.9bn) compared to $2.6bn in the same period last year – its highest for more than a decade.
BP said the increase was due in part to “exceptional oil and gas trading”.
It comes despite taking a $24.4bn hit on its decision to exit Russian energy giant Rosneft following Putin’s war on Ukraine.
“In a quarter dominated by the tragic events in Ukraine and volatility in energy markets, BP’s focus has been on supplying the reliable energy our customers need,” said BP’s chief executive Bernard Looney.
https://www.mirror.co.uk/money/breaking-bp-profits-double-5billion-26855019
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