BP profits soar to 23bn after spike in oil and gas prices
Profit more than doubled at oil giant BP last year as the business benefited from runaway gas prices caused by the war in Ukraine. The company said that it would invest an additional eight billion dollars (£6.6 billion) each in the energy transition, and in oil and gas, as boss Bernard Looney promised to keep affordable energy flowing. The business said that underlying replacement cost profit – the figure most […]