BP puts North Sea business up for sale after 60 years
BP walks away from a 60-year legacy BP has put its North Sea business up for sale, in a move that would bring an end to six decades of production in the region by the oil giant. The decision follows a review of BP’s operations as the company looks to slim down. Its North Sea […]
1 month ago
Oil giant BP reports surge in profits as Iran war pushes oil prices higher
BP attributed the more than doubling of profits to “exceptional” oil trading. It’s been announced that BP’s profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war. In its first results since the conflict began, the energy giant reported […]
4 months ago
BP announces record annual profits of £23 billion
The figure is more than double the previous year’s sum BP has announced record annual profits of £23 billion, days after rival Shell announced an all-time record. The news, Tuesday, will further inflame the debate on whether big oil and gas firms should be paying more back through windfall taxes amid the energy-driven cost of living […]
3 years ago
BP reports second highest profits in its history as energy bills rocket
BP has now made almost $15bn in profits this year BP has reported huge profits for the second quarter of 2022, as energy bills are predicted to rise by even more for millions across the UK this winter. The energy company made $8.45bn (£6.95bn) in underlying profits for the second quarter of this year, more […]
4 years ago