Figure comes on back of sharp increase in gas prices linked to Russia-Ukraine war
BP’s annual profits more than doubled to $28bn (£23bn) in 2022 as a sharp increase in gas prices linked to the Ukraine war boosted its earnings, adding fuel to calls for a toughened windfall tax.
The huge profit is likely to anger consumer and green groups, as oil companies reap rewards from higher gas prices while many households struggle to cope with a sharp rise in energy bills.
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