BP Profits Double To £2.4 Billion
BP reported profits of £2.4 billion for the first three months of the year. This figure represents more than a doubling of profits compared to previous periods. The company earned approximately £0.5 billion more than expected. The report attributed the profit increase to the war in Iran. The company saw profits increase to £2.4 billion between January and March. The profit surge is attributed to rising oil prices resulting from the war with Iran. The company stated it is working to ensure energy security. BP reported profits of £2.4 billion, generating approximately £366 per second. The company's chief executive received a £13.7 million pay package this year, which includes £8 million in rewards. The broadcaster noted that the company is profiting from activities related to Iran. Some listeners suggested the company is following the Labour government's example regarding fuel taxes.
Topics
Developing
- 863d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
- 863d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- 863d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
- 863d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.
Sources · 7 independent
“BP has more than doubled its profits off the back of the war in Iran. It brought in £2.4 billion in the first three months of the year, about half a billion more than expected.”
“BP is facing criticism after revealing its profits more than doubled in the first three months of this year due to the war with Iran. Thanks to surging oil prices, the energy giants saw its profits increase to £2.4 billion between January and March.”
“their profits a £2.4 billion and the chief executive is at a £13.7 million pay packet this year, including £8 million for reward.”
“the extraordinary profits enjoyed by BP as announced yesterday. 3.2 billion up from 1.4 billion the previous year, more than doubled.”
Unlock the full story
Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.
Log in to upgrade