The Latest Breaking News from British Petroleum

British Petroleum notched up £3.01 billion of profits in the final three months of 2021 alone, which was better than expected and up from just £85.1 million a year earlier

London (AFP) - BP returned to profit in 2021 as oil and gas prices surged following a huge loss the prior year when the pandemic struck, the British energy giant revealed Tuesday.

Rolling coverage of the latest economic and financial news

Company swings to $12.8bn profit from loss of $5.7bn the year before as it cashes in on gas and oil price hikes

BP made profits of $12.8 billion (£9.5 billion) in 2021 it revealed today, an amount that is likely to lead to fresh calls for a windfall tax on the energy giants.

BP (NYSE:BP) is set to give its latest quarterly earnings report on Tuesday, 2022-02-08. Here's what investors need to know before the announcement. Analysts estimate that BP will likely report an Earnings Per Share (EPS) of $1.17.

BP, like its competitors, looks like becoming a ‘cash machine’ again this week as it surfs the wave of soaring gas prices

‘Obscene’ amounts of surplus cash should be used to ease cost of living crisis, MPs told

Oil prices surpassed $90 for the first time since 2014, due to surging demand but limited supply. Many experts believe oil prices around the world will continue to rally. Therefore, we think foreign oil stocks BP (BP), Eni (E), and Petróleo Brasileiro (PBR) stocks are ideal bets now.