Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Science
Roland JACKSON

BP Bags Bumper 2023 Profits, Rewards Investors

BP bagged a net profit of $15.2 billion last year (Credit: AFP)

British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and following boardroom turmoil, sending its share price rallying thanks also to more big payouts to investors.

Net profit came in at $15.2 billion in 2023, following a loss the prior year linked to its exit from Russia following Moscow's invasion of Ukraine, it said in a results statement.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.