BREAKING: BP has reported a £4 billion first-quarter profit in 2023, beating analyst expectations.
The company said it was a resilient result that reflected an ‘exceptional gas marketing and trading result, a lower level of refinery turnaround activity and a very strong oil trading result.’Profits are up from the same period as last year BP revealed details on its current performance as the government continues to face pressure to raise windfall taxes on energy giants to better cover the costs of energy support schemes.
Labour, for example, argues the taxpayer should not be enduring so much of a burden for record household bills at a time when the likes of BP and Shell are benefiting from soaring prices linked to the war in Ukraine.
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