Record oil profits: BBC News Review

The world’s five biggest oil companies made profits of 60 billion dollars in three months. This news comes at the same time as energy bills for consumers continue to rise to record levels.

Neil and Beth look at the vocabulary used in the headlines about this story.

Video chapters:
0:00 - Introduction
0:22 - Story
1:09 - Headline 1: The Guardian: BP accused of ‘unfettered profiteering’ as profits triple
2:53 – Headline 2: The Independent: BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners
4:25 - Headline 3: Financial Times: ExxonMobil and Chevron shatter profit records after global oil price surge
5:31 - Language summary

Key words and phrases

profiteering
making large, unfair profits

* That bank is profiteering. A 70% interest rate is way too high.
* They charged $20 for a drink at the concert. That’s just profiteering!

laughing all the way to the bank
making a lot of money easily

* I was laughing all the way to the bank when I sold my car for a high price.
* He was made redundant, but the pay-out was so big that he laughed all the way to the bank.

shatter
break dramatically

* She shattered the 100m record.
* His dreams of playing international football were shattered by a serious leg injury.

Do you want to improve your English?

#learnenglish #oilprice #costofliving #ukrainewar

[Neo-Reloaded]

I remember that when the Olympics in Japan were happening, I heard a lot of times the word "shatter". They said, "she/he shattered another record." Another collocation that I heard was: "smash a record".

[CuongNguyen-hbyy]

Love you two, i am really attracted by the clear voices, the charming expressions and the great humour senses both of you. All in all, I am looking forward to seeing you two every day😍❤😘

[jiniqeee]

Lots of thanks for you BBC Learning English from S. Korea.

[Felipe-qxxz]

I love BBC learning English, thanks from Brazil

[thuannguyen-thai]

Hi Neil, Beth
It is great. The next episode may you have a report about breaking oil?
Thank you so much.

[arashvtube]

you are amazing. the words I learned from your videos, hardly get lost, because of all images you are creating

[tobiasariastoya]

This conversation is very important to me. The best language in the world is English

[UzairKhan-rore]

This 6 min story is very helpful...please continue this for ever

[PhamThaoYen]

Can I ask you whether 2 nouns "profit" and "proceeds" have any differences?

[romanisayev]

Thanks for Interesting and useful video

[mohitkahlon]

The way u Taught the English, is marvelous 🤗🤗🤗🤗🤗🤗

[Neo-Reloaded]

Don't let anyone shatter your dreams. As Steve Jobs used to say "stay hungry, stay foolish."

[maekhin]

BBC English help me to teach my students
Thank from the bottom of my heart all teachers💞🇲🇲🇲🇲

[minyorpark]

Very educational contents! worth a lot of credits.

[vespercrazedrunner]

thank you so much, please keep doing this!

[goal-on-time]

try to give video about We want videos of commonly used phrases and frequently used phrases in everyday conversation Same inside the restaurant in the garden at school when taking a taxi so that we can learn to speak quickly

[Pillpiw]

Please spell the word im listening to podcast but i cant know the word

[danrynazewski]

I put solar panels up now I pay $10 a month for power .. the only problem is I have to send power back to grid and my power still comes from coal...cause even if we produce more power they just keep making more dirty power ..

[nanetteberg]

Did you take into account that oil companies begin to receive profit once projects are completed and oil pours out to consumers. Many companies just completed pipelines, and the balance sheets can now show profit because expenses are now down as project ended. Your journalism is biased.

[envy]

That company has profiteered. They're still raising the products' price while the input materials' price are decreasing.
Tom is laughing all the way to the bank. His house has been sold as twice as the expected price.
With that score, she has shattered the shooting record.