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

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.