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BP joins Big Oil profit bonanza
1 month ago | By RT
The British firm has posted record earnings amid an energy price surge
British oil major BP reported record high annual profits in 2022, more than doubling its earnings amid soaring energy prices, the company announced on Tuesday.
According to the disclosed data, BP's underlying profits reached $27.7 billion in 2022, against $12.8 billion in the previous year. The earnings were the highest in the company's history. Its previous annual profit record was $26.3 billion, reached in 2008.
BP CEO Bernard Looney called the earnings a “ good set of results. ”
“ First of all, I hope you can see a...
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UK energy company BP's profits double to $27.7 billion
1 month ago | By ABC News
British energy company BP has reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine
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