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.
