BP Rakes In BILLIONS As U.S. Sweats Through Climate Crisis
August 6, 2023
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9:43Now PlayingBP Rakes In BILLIONS As U.S. Sweats Through Climate Crisis
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as posted by the channelAs the U.S. sweats through hottest month on record, BP reported secondquarter profits of $2.6 billion. Ana Kasparian and John Iadorala discusses on The Young Turks.
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"The London-based oil giant BP reported second-quarter profits of $2.6 billion on Tuesday and announced a 10% dividend raise for shareholders on the heels of what was likely the hottest month on record—a grim milestone that scientists say was made possible by the burning of fossil fuels.
While BP's profits for the second quarter of 2023 were far lower than the massive $8.5 billion it logged during the same period last year—a drop caused by falling global oil prices—the company has still raked in $7.6 billion in profits so far this year. The company has paid out those profits to investors in the form of share buybacks and dividends."
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