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BP reveals massive profits as global fuel prices soar

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British oil and gas company BP has recorded massive profits as consumers pay more to fill up

Despite some of us wanting to switch to electric cars there’s still plenty of evidence that the world is heavily reliant on oil gas, with one major energy giant recording massive profits.

BP’s profits for the first three months of this year have more than doubled – just as consumers are forced to pay more at the bowser.

It comes after global oil and gas prices soared following Russia’s invasion of Ukraine.

The energy giant reported an underlying profit of $6.2 billion.

BP says the increase partly due to “exceptional oil and gas trading”.

Rising profits have prompted calls for a one-off windfall tax on energy companies to help UK households grappling with rising bills.

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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