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The Guardian - UK

Business

Alex Lawson Energy correspondent

Esso posts £151m profit amid regulatory concern over pump prices

Esso Oil EPC Southampton ExxonMobil United Kingdom

The Fawley oil refinery near Southampton owned by Esso Petroleum Company is the largest in Britain. — The Fawley oil refinery near Southampton owned by Esso Petroleum Company is the largest in Britain. Photograph: Daniel Leal/AFP/Getty Images

The owner of Britain’s biggest oil refinery has bounced back into the black in a post-pandemic recovery, as the UK’s competition watchdog examines refining profits.

Esso Petroleum Company (EPC), the owner of the Fawley refinery near Southampton, has posted pre-tax profits of £151m for 2021, up from losses of £379m a year earlier.

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