BP triples profits after spike in oil and gas prices

Channel 4 News published this video item, entitled “BP triples profits after spike in oil and gas prices” – below is their description.

It’s a stark contrast.

BP today said its profits have more than trebled thanks to surging energy prices.

But those same surging prices are set to push domestic energy bills to more than £3,600 per household this winter.

Poverty campaigners say the dramatic increase in the energy price cap – due to take effect in less than two months – means the government must urgently boost the cash support they are giving to consumers.

Channel 4 News YouTube Channel

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About This Source - Channel 4 News

Channel 4 News is the news programme from UK Channel 4 television. Channel 4 is a British public-service free-to-air television network headquartered in Leeds, United Kingdom. The channel was established in 1982 to provide a fourth television service to the United Kingdom in addition to the licence-funded BBC One and BBC Two, and the single commercial broadcasting network ITV.

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In This Story: BP

BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.

Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))

BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.

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