Rolling coverage of the latest economic and financial news, as oil giant beats forecasts thanks to strong gas trading
Good morning, and welcome to our rolling coverage of business, the world economy and the financial markets.
Oil giant BP has racked up another quarter of surging profits, thanks to the jump in energy prices caused by the Ukraine war.
We remain focused on helping to solve the energy trilemma – secure, affordable and lower carbon energy. We are providing the oil and gas the world needs today – while at the same time – investing to accelerate the energy transition.
“These are excessive profits, and they have to be treated in the appropriate way when it comes to taxation,”
