The Latest Breaking News from British Petroleum

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Enormous earnings are the ‘unearned, unexpected windfalls of war’, says Labour shadow energy secretary Ed Miliband

The oil giant said it made just under £4 billion in underlying replacement cost profit between January and March.

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off

Shares in the FTSE 100 oil major fall as rate of share buybacks also eases

US Treasury Secretary Janet Yellen has written to congressional leaders warning that the federal government could run out of cash as early as June 1, unless they agree on raising the debt limit or suspending it. President Joe Biden has invited Republican House leader Kevin McCarthy for talks on May…

Just under £4bn of profit was reported between January and March, due to strong performance in oil trading

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year