BP’s £2bn profits cause anger amid climate crisis

BP’s second-quarter results lower than last year when Ukraine war drove up oil prices. Photograph: Kacper Pempel/Reuters

BP has angered climate campaigners by reporting profits of $2.6bn (£2bn) for the second quarter of the year as the climate crisis triggers extreme heatwaves around the world.

The fossil fuel company blamed falling oil and gas markets for the drop in profits from $8.5bn in the same period last year when Russia’s invasion of Ukraine ignited a rise in global energy markets.