The record earnings of BP and Shell do not reflect the challenges most North Sea producers face from the windfall tax, argued ...

The figures add weight to calls for a windfall tax to be imposed on BP and rival Shell. Both made record profits of more than £9 billion last year, with BP's figure the highest ever recorded by a ...

Profit hit record highs at oil giant BP last year as the business benefited from runaway oil and gas prices caused by the war in Ukraine. The company also said that it had slashed its emissions ...

BP faces fierce new criticism from motorists groups today as it announced a record profit of £5.58 billion for the six months to 30 June. The company says higher margins on oil refining rather ...

BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a record run of earnings for the world’s oil majors that is fueling calls for higher taxes ...

BP’s profits more than doubled in 2023 amid a spike in fuel prices during the Russian invasion of Ukraine. Accounts published on Tuesday, 7 February, showed that the oil and gas giant recorded ...

Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030. The company's profits more than doubled to $27.7bn (£23bn ...

British energy giant BP on Tuesday announced record annual profit thanks to soaring oil and gas prices, as it watered down its target for cutting carbon emissions. BP's underlying profit more than ...

If the deal goes ahead it would mark BP's entry into Israel's growing energy sector, at a time when the oil giant is rowing ...

BP has revealed it is to miss key climate target as annual profits hit record £23bn.The London-based firm said its main measure, underlying replacement cost profit, came in at $27.7bn (£23bn ...

The profits follow similar reports in February from international peers BP, Shell, Exxon Mobil and Chevron which have mostly posted record profits for last year. Oil prices swung wildly in 2022 ...