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The Independent UK

National

Matt Mathers

BP profits double to record £23bn after spike in oil and gas prices

British Petroleum Oil

PA Archive

BP’s profits more than doubled to £23bn last year amid a spike in oil and gas prices during Russia’s illegal invasion of Ukraine.

The British oil and gas giant posted profits of $27.7bn (£23bn) in 2022, compared with $12.8bn the year before, accounts published on Tuesday showed.

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