BP Announces Record Profit in 2022
BP reported on Tuesday that it hit a record profit of $28 billion for 2022, thereby exceeding the previous record profit of $26 billion in 2008. Shares in the company gained 5% on Tuesday morning following the announcement.
In addition to increasing its annual profit,...
BP Income Boosted By Oil Refining and Trading
BP shares rose by 4.5% to 409.8 pence on Tuesday as the London-based company boosted returns to shareholders following an increase in revenue for the second quarter. The oil giant's net income of $8.45 billion is its highest since 2008. In addition to the...