Month: May 2023

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

BP announced that it made just under $5bn ($4.96bn; £4bn) in underlying replacement cost profit between January and March of this year, citing a strong performance in its oil trading business. The profit is actually a reduction from last year's gargantuan take, when BP's business benefitted from extremely high energy…
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