British energy company BP’s profit doubles to $27.7 billion

British energy company BP reported record annual profits on Tuesday amid growing calls for the UK government to increase taxes on companies benefiting from high oil and gas prices following Russia’s invasion of Ukraine.

The London-based company, which is run by Kerryman Bernard Looney, said its underlying replacement cost profit, which excludes one-time items and fluctuations in inventory values, rose to $27.7 billion in 2022.

https://www.independent.ie/business/world/uk-energy-company-bps-profits-double-to-277bn-42330672.html British energy company BP’s profit doubles to $27.7 billion

Fry Electronics Team

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