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The Independent UK

Zoe Tidman

BP profits double due to soaring oil and gas prices

British Petroleum Oil Shell

PA Wire

BP has revealed its profits have more than doubled over the past quarter as gas and oil prices continue to soar.

The oil giant reported that underlying replacement cost profits - a measure preferred by BP - had surged to $8.2 bn (£7.1 bn) compared with $3.3bn (£2.9bn) a year earlier.

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One subscription that gives you access to news from hundreds of sites

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