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The Latest Breaking News from British Petroleum

'We are cutting out all non-essentials - life costs too much for a family of seven'

Jen Derrick believes the government should be on the side of the people, not big business. She says BP's £4.9bn profits show the divide between rich and poor is increasing

Daily Mirror

Wednesday briefing: Would a windfall tax on BP’s soaring profits work?

In today’s newsletter: Nimo Omer breaks down BP’s enormous profits, and why some are calling for a windfall tax amid a cost of living crisis nationwide

The Guardian - UK

BP boss Bernard Looney takes home £4.5m as soaring gas and oil prices turn company into 'cash machine'

The chief executive, who grew up on a dairy farm in County Kerry in Ireland and was the first in his family to go to University, insists he understands how many households were “really, really struggling”.

Daily Record

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The Tories do not deserve a cross in any ballot paper box as poverty plagues the nation

Record View says the Conservatives, who had already given us a decade of austerity, are ready to double down on poverty in post-pandemic Britain.

Daily Record

What the papers say – May 4

Concerns for abortion access in the US stemming from a leaked Supreme Court report are among today’s front page stories.

The Independent UK

BP raking in £639 a SECOND and Boris Johnson mutters more rubbish about buses

Oil giant BP is celebrating its £5billion profit - its biggest quarterly boost for more than a decade. Meanwhile, Brits are struggling with the cost of living crisis but Boris Johnson is not helping

Daily Mirror

Windfall tax wouldn’t stop BP’s £18bn parade of projects

Neither would it make the energy crisis go away, but after a while it becomes hard to resist

The Guardian - UK

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Stock Market Near Session Highs In Afternoon Trade; Job Openings Signal Tight Job Market

The stock market gained as investors await the outcome of the Fed's two-day meeting and digest a report signaling a tight labor market.

Investors Business Daily

41 Stocks Moving In Tuesday's Mid-Day Session

Gainers SoundHound AI, Inc. (NASDAQ: SOUN) shares jumped 47.4% to $16.13. The company recently completed a SPAC merger deal last week and began trading on Thursday.

Benzinga

Boris Johnson again rejects windfall tax on energy giants despite BP's soaring profits

Downing Street has denied there is a rift between Prime Minister Boris Johnson and Chancellor Rishi Sunak over tax oil and gas giants

Daily Mirror

BP Shares Move Higher On Bumper Q1 Profits Of $6.2B, Announces $2.5B Share Buyback

BP plc’s (NYSE:BP) profits more than doubled to $6.2 billion in Q1, helped by soaring oil and gas prices, despite posting a massive loss after offloading its nearly 20% stake in a Russian-controlled oil company Rosneft (OTC: RNFTF). The company reported Q1 adjusted EPS of $1.92, more than double from $0.78 posted a year ago…

Benzinga

Recap: BP Q1 Earnings

BP (NYSE:BP) reported its Q1 earnings results on Tuesday, May 3, 2022 at 03:00 AM. Here's what investors need to know about the announcement. Earnings BP beat estimated earnings by 44.36%, reporting an EPS of $1.92 versus an estimate of $1.33.

Benzinga

Why BP Shares Are Rising Today

BP P.L.C. (NYSE: BP) shares are trading higher Tuesday morning after the company reported better-than-expected earnings results.

Benzinga

Strong BP profit renews call for energy sector windfall tax

BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices

The Independent UK

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The National (Scotland)

BP profits skyrocket amid demands for windfall tax to tackle cost of living

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls grow for a…

Evening Standard

Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Insider UK

Windfall tax calls intensify as BP reports highest profit in a decade

In a bid to steer off criticism, the oil and gas giant stated it would be paying around £1bn in taxes this year

Evening Standard

BP promises to ‘back Britain’ with £18 billion as profits hit highest since 2008

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

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The Street

Stocks Higher, Tesla, Twitter, Logitech, BP And Roe v Wade - Five Things You Must Know

Stock futures edge higher amid rate hike bets, heighted volatility; Tesla shares higher on report Musk seeking alternatives to Twitter financing; Logitech shares tumble after Q4 earning miss, sales forecast cut; BP shares leap after profit surge offsets Russia exit writedown and leaked opinion suggests Scotus reading to overturn Roe…

Benzinga

Earnings Scheduled For May 3, 2022

Companies Reporting Before The Bell • Kiniksa Pharmaceuticals (NASDAQ:KNSA) is projected to report earnings for its first quarter.

The Independent UK

Johnson acknowledges ‘more that we can do’ to tackle cost-of-living crisis

Prime Minister Boris Johnson warned about the danger of fuelling an inflationary spiral if Government intervention was not carefully controlled.

The Independent UK

Russia sanctions: Mercedes-Benz and L’Oreal join firms severing ties over Ukraine invasion - see full list

Banks, businesses, oligarchs, politicians and military leaders all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

Cost of living support ‘isn’t enough’ to help everyone, admits Boris Johnson

Moves made by chancellor won’t ‘work enough in the short term’, concedes PM

AFP

BP plunges deep into red on pullout from Russia

London (AFP) - British energy giant BP said Tuesday that its decision to pull out of Russia as a result of the war in Ukraine pushed it deep into the red in the first three months of this year.

Daily Mirror

BP profits DOUBLE to £5billion as energy and petrol prices trigger cost of living crisis

It comes amid a cost of living crisis that has left millions of households struggling to afford basic essentials such as food and transport due to soaring inflation

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