Energy company profits
*planted: 03/08/2022last tended: 03/08/2022
The UK firm BP was accused of "unfettered profiteering" after it said on Tuesday underlying profits had tripled to $8.5bn (£6.9bn) between April and June, thanks to high oil prices. It was its biggest quarterly profit in 14 years and BP said it would hand out nearly £4bn to shareholders as a result.
– Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bil…
Such huge profits during the cost of living crisis is unconscionable.
1. Elsewhere
1.1. In my garden
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