The Latest Breaking News from British Petroleum

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

The oil and gas goliath BP announced a forecast-shattering £7.1billion haul for the three months to September, more than double what it raked in the same time last year

Just Stop Oil protesters attempted to scale the gates of Downing Street on Tuesday morning - calling for stiffer windfall taxes for energy firms after BP announced a £7bn quarterly profit. At 11:15am, 22 environmental activists “swarmed towards the gates” of Downing Street, home to Prime Minister Rishi Sunak, with…

Saudi Aramco makes $42.5bn quarterly profits as BP steps up share buybacks

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

Energy giants are raking in massive profits at a time many Scots are struggling to pay fuel bills.

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.