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The Latest Breaking News from British Petroleum

Corporations' profits soaring as inflation skyrockets and real wages fall, report reveals

There are fresh calls for Australia's biggest corporations to rein in record profits in order to provide low wage earners with some cost-of-living relief.

ABC News

BP raked in £880 per second while people couldn't afford both eating and heating

SNP energy spokesman Alan Brown said the cost of living with Westminster "is getting worse by the day".

Daily Record

BP rakes in £880 a SECOND as fatcats' bonanza leaves Brits unable to pay for food

Chief executive Bernard Looney – who called BP a 'cash machine' – could make much as £11.7million from the profits surge while Brits struggle with the cost of living crisis

Daily Mirror

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TechnipFMC plc (FTI) Q2 Earnings Lag Estimates, Sales Beat

TechnipFMC plc (NYSE: FTI) reported second-quarter 2022 adjusted earnings of 2 cents per share, lagging the Zacks Consensus Estimate of 4 cents per share. This underperformance was due to higher product costs and lease expenses, which pushed up the company's total expenses.

Benzinga

Will Sunak or Truss make booming oil and gas firms pay to help consumers?

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

The Guardian - UK

The Leader podcast: BP’s record profits and how consumers are fighting back

Plus, support grows for 'don't pay UK' campaign

Evening Standard

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

The Guardian - UK

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Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Guardian - UK

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The oil giant announced its results on Tuesday.

The Independent UK

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

Reuters

Benzinga

How are energy companies making so much money? Shell and BP announce whopping profits

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

Daily Mirror

BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

The Independent UK

BP profits branded 'obscene' as energy giant rakes in £6.9bn while Scots struggle to pay bills

Climate campaigners warned the UK's energy system was "fundamentally broken" as ordinary people struggle to afford to heat their homes.

Daily Record

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

The Independent UK

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The National (Scotland)

BP posts eye-watering profits as families fear they have 'nothing left' to cut back on

ENERGY giant BP has posted eye-watering profits of £6.9 billion as ordinary families across the country fear another expected increase in their…

Manchester Evening News

BP announces huge £6.9billion profit amid soaring fuel and energy bills

The company is the latest to announce staggering profits during the cost of living crisis

Insider UK

BP sees earnings hit 14-year high amid anger over energy firm profits

The oil and gas giant has announced a 10% rise in shareholder dividends

Evening Standard

FTSE 100 Live: BP profits surge to £7bn in Q2, Brent crude holds $100

BP today racked up profits of $8.5 billion (£6.95 billion), up more than a third on the previous quarter after a continued surge in oil prices.

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Evening Standard

BP reports almost £7bn profit as energy prices soar

BP faced a backlash on Tuessday after the oil and gas giant reported near-£7 billion profits between April and June as it cashed in on soaring energy costs.

Wales Online

BP's profits treble as households face record energy bills and high fuel prices

The company has cashed in on high oil and gas prices

The Independent UK

Anger as BP profits triple to $8.5bn amid soaring household energy bills

Renewed calls for windfall tax as energy firms make ‘eye-watering’ sums as families struggle to afford bills

The Guardian - UK

BP profits triple to £7bn as oil prices surge because of Ukraine war

Labour says government is ‘totally wrong’ to give tax breaks to oil companies amid cost of living crisis

Daily Mirror

BP profits hit £6.9BILLION in 14-year high as UK buckles under soaring energy bills

BP's financial performance has gone through the roof thanks to soaring oil and gas prices due to the war in Ukraine as they've already raked in £5billion in profits in the first three months of the year - which is more than double the £2.3bn earned in the same period…

The Guardian - UK

BP accused of ‘unfettered profiteering’ as profits triple; company failures surge – business live

Unions criticise oil giant who recorded second-highest profits in its history after Ukraine war drove up energy prices

Daily Mirror

BP fatcats set to rake in £18m a year as households struggle to pay energy bills

Chief executive Bernard Looney, 51, could take home an astonishing £11.7m along with finance boss Murray Auchincloss who could trouser up to £6.3m in pay and perks

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