Unions criticise ‘obscene’ results as company beats forecasts thanks to high oil and gas prices
BP’s profits more than doubled to $6.2bn (£5bn) in the first three months of the year, the highest quarterly profit in more than a decade, helped by soaring oil and gas prices.
It was more than the $4.5bn expected by analysts and has prompted renewed calls for a windfall tax on oil and gas companies from campaigners who argue the money raised could be used to ease the burden for those hardest hit by the cost of living costs.
