BP sees biggest profit in 14 years as energy bills soar – BBC News

by Moin Uddin Ahmed Tipu

Energy giant BP has reported its biggest quarterly profit for 14 years after oil and gas prices soared.

The energy giant saw underlying profits hit $8.45bn (£6.9bn) between April and June – more than triple the amount it made in the same period last year.

It comes as typical UK household energy bills have been forecast to hit more than £3,600 a year this winter.

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36 comments

Magdalena August 2, 2022 - 8:00 PM

isn't that lovely 🙃

haitianxu August 2, 2022 - 8:01 PM

BP: don't look at us, it's Russia's fault!

Team Tryxgg August 2, 2022 - 8:02 PM

The US and UK economy is in the toilet. They'll soon be begging on the streets.

Tom S August 2, 2022 - 8:05 PM

In Finland we have a similar case. It was dealt within weeks – to lover their profit margin. Are bigger democcaries impotent with issues like this? Edit: I'm sorry but countries like Germany and the UK – you have no-one to blame but yourself. Finland has a palette of energy source from nuclear, hydro, re-newable peat etc.

JoeShit TheRagMan August 2, 2022 - 8:05 PM

We should blame inflation on corporate greed

Niaz Ahmad August 2, 2022 - 8:06 PM

So…It's not only Russia, but also British companies making profits out of this crisis? 🤔

Old Raver August 2, 2022 - 8:07 PM

Their 2nd Biggest Profit Ever! …that profit pollutes our politics, which is why they ain’t being asked to stop robbing you day-after-day-year-after-year. Plus they receive subsidies from the taxpayer. It’s all a down right scam……

Reg S August 2, 2022 - 8:07 PM

Government supported price gouging…

Andrew August 2, 2022 - 8:08 PM

Capitalism working as intended

AA August 2, 2022 - 8:08 PM

US: Mission accomponished💪💪

Booker Tee August 2, 2022 - 8:08 PM

Great news! My BP dividends should increase. Also my ExxonMobil and Shell should do as well. Great companies with an outstanding business model.

DrummerBoy August 2, 2022 - 8:09 PM

don't worry yall… only a little bit longer now and the Earth will rid itself of the experiment called 'human'.

JULIANNA GARCIA August 2, 2022 - 8:11 PM

I WANT BBC NEWS TO SHOW THIS VIDEO ON TV https://youtu.be/29zsBlhnXhk

jie li August 2, 2022 - 8:12 PM

The Chinese people's Liberation Army is ready landing Taiwan!

Sasha M August 2, 2022 - 8:12 PM

Why do these companies continue to get away with gouging us? It's disgusting its mall about huge profit and being the biggest and most powerful and forget us little peasants Hope it bites them in the a** someday

George August 2, 2022 - 8:12 PM

Shame for humanity.
Price floors and ceilings should be in place to ensure the rest of the world isn't fleeced by these crony corporations.

Opuada Abusi August 2, 2022 - 8:12 PM

Companies must recoup their investments. Consumers thought they'll have it easy, they made losses in prior years.

rurutu M August 2, 2022 - 8:13 PM

Get the guilletines

Seya August 2, 2022 - 8:15 PM

WHy do people complain about companies making money? its called capitalism people need to get real.

IIIIIIIIIIV August 2, 2022 - 8:16 PM

Profiteering off peoples misery they make me sick

TAIPIZZALORD August 2, 2022 - 8:16 PM

Unless heads start rolling, nothing will change at the governmental level!

Chanelle D August 2, 2022 - 8:16 PM

That's because it's not America first anymore..Governments no longer work for the people, they work for corporations and themselves..💰💰💰

Jarid Gaming August 2, 2022 - 8:17 PM

You know the world has become dumber then they think Oil Companies will lower prices. This might be a shocker, but Oil Companies sell Oil…. 🙄 They want Oil Prices to be high, they are a Corporation! Thats Capitalism Dummies.

John Andrew August 2, 2022 - 8:17 PM

The conflict in the east is fake, Biden Putin Zelensky and Johnson did this to make money, we are all being tricked into paying more, inflation is a government secret tax. 🕰️💩🕰️💩🕰️💩☀️🌡️🔥🌊🌋🌪️🐵🌚🤠🇺🇲☢️💥☠️💀⚰️🤪😫😅😭😵😜

Nastia Zik August 2, 2022 - 8:19 PM

Greetings from Moscow 🇷🇺 I mount my videos and put yours in the background so that it won't be boring to work

Paul Hopkins August 2, 2022 - 8:20 PM

And what as the government done about it nothing just like the energy bills. Lode of rubbish this so called government.

Eryk Winton August 2, 2022 - 8:22 PM

"We raise our prices arbitrarily and profit from your misery, if you cant pay well… maybe the government that we're paying to stay off from our backs will pay us with you tax money so you dont have to pay directyl?" They're pissing in our face and calling it the fountain of life…

almutasim aljanabi August 2, 2022 - 8:22 PM

Why are they makin so much and we pay so much why don't they give us a break

G M August 2, 2022 - 8:23 PM

A lot of Knuckleheads will have you believe that Joe Biden controls the world's gas prices. I reckon the majority of them are graduates of trump University.

ep1929 August 2, 2022 - 8:24 PM

It's doesn't look good for investment into the UK.
What company will want to invest with the risk if they make a killing after paying their taxes, the government will screw them?
BP & Shell are businesses – not charity foundations.

DGLS 3 August 2, 2022 - 8:25 PM

It still amazes me that people can’t see it’s all about profits, all kind of industries are claiming shortages are the reason for higher prices. That’s just their excuse, It seems their trying to make up the losses during Covid shutdown.

Th3DevelsLettuce August 2, 2022 - 8:25 PM

Country is finished

John Doe August 2, 2022 - 8:26 PM

Watch all the excuses come out now still justifying price hikes…lucky shareholders.

max barnett (sellers channel) August 2, 2022 - 8:26 PM

National Debt management and oil

My Beautiful life August 2, 2022 - 8:27 PM
Queefmaster420 August 2, 2022 - 8:29 PM

Please tell me how this is allowed?!?!?