BP records highest profit in decade as cost of living surges
The Metro says BP has revealed record underlying profits – as the living cost crisis continues across the UK.
The energy giant did however also face a quarterly loss, after abandoning a near-20% stake in oil producer Rosneft, which the company co-owned with Russia.
But soaring oil prices still meant the company fared well over all.
Its underlying replacement cost profits more than doubled to £5 billion from £2.1 billion a year ago thanks to the increasing cost of crude.
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