BP reports huge profits as energy bills soaron August 2, 2022 at 6:23 am

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The firm reported profits of $8.45bn in the second quarter of the year as oil and gas prices jumped.

BP logo and petrol pump nozzleImage source, Getty Images

BP has reported massive profits for the second quarter of this year, after after oil and gas prices soared.

The energy giant saw underlying profits hit $8.45bn (£6.9bn) – more than triple the amount it made at the same time last year.

The figure is the second highest in the company’s history and takes first half profits to $14.6bn.

It comes on the day typical household energy bills have been forecast to hit more than £3,600 a year this winter.

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