BP has become the latest giant firm to announce huge profits while Brits battle spiralling prices for fuel and energy. The company has today (August 2) announced profits of £6.9billion for the three months to June 2022.
The staggering sum is worth more than triple the amount it made over the same three months in 2021 - and is the second highest profit BP has made in its history. It comes as the cost of oil and gas has surged over the past year, with households fearing another painful price hike on their energy bills ahead of winter.
BP is not the only firm to have posted eyewatering profits amid the cost of living crisis. Last week, Shell announced a new record three-month profit of almost £10billion, smashing the previous record set earlier this year.
