BP profits double to £23billion after spike in oil and gas prices

BP has reported the highest profit in its entire history at $27.7billion (£23billion) for last year as households across the country continue to struggle with energy bills.

This is up from the $12.8billion the firm recorded in 2021 and sparks further calls for energy companies to pay more in tax.

BP reported net profit of $4.81billion (£3.89billion) for the last three months of 2022 - down from the $8.2billion it raked in for July to September, but up from the $4billion reported a year earlier.

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[vtechead]

The UK accounts for only 5 percent of those profit figures. Nobody is stopping anybody buying shares in oil companies. They should try it instead of bleating on and being jealous of people who had the savvy to make some money for themselves. The oil companies do not set the price for their product, that’s up to OPEC who control world oil prices. It’s really not the oil companies fault they are in profit, good on them, and the shareholders who will probavly be looking at holiday brochures as I write.
Good to see somebody benefitting from a crises, it’s not all bad news after all.

[reeling-in]

Comrade Starmer hates these kind of profits! He would rather they made nothing! 😂😂😂