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.

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.

https://metro.co.uk/2022/05/03/bp-records-highest-profit-in-decade-as-cost-of-living-surges-16581498/

..………………….

FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:

FacebookPlease like our page

Twitter Twitter updates available in English and Arabic. Please follow us and we would love to hear from you

Instagram – Follow our pages in English and Arabic