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Oil giant BP reports huge rise in global profits - BBC News
Posted
November 1, 2022
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November 1, 2022
49,286
853
433
2.61%
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4:12Now PlayingOil giant BP has reported a huge rise in global profits, which has sparked calls for a bigger windfall tax.
BP made $8.2bn (£7.1bn) between July and September, more than double its profit for the same period last year.
Surging oil and gas prices have led to big gains for energy firms but are also fuelling a rise in the cost of living.
On Monday, US President Joe Biden urged major US oil firms to stop "war profiteering", threatening to hit them with higher taxes if they do not increase production which would help lower prices.
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