BP posted record profits in 2022. Getty Images. Key Facts. British giant BP announced it was scaling back its climate goals after reporting record annual profits of nearly $28 billion in 2022, ...

BP’s annual profit more than doubled last year to an all-time high of nearly $28 billion, extending a record run of earnings for the world’s oil majors that is fueling calls for higher taxes ...

Exxon Mobil saw record annual profits in 2022. In its yearly earnings release published last week, the Irving, Texas-based company said it "achieved best-ever annual refining throughput in North ...

Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030. The company's profits more than doubled to $27.7bn (£23bn) in ...

The comments came as BP company joined other big oil companies in reporting record annual profit: $27.7 billion for 2022, almost double the adjusted profit of 2021.

Oil company profits are at a record high. It won’t last. Exxon, BP, and the rest of the oil industry aren’t prepared for competition from renewables.

BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon ...

BP’s profit more than doubled in the third quarter of the year, extending a bumper run of earnings for the world’s biggest oil and gas companies that will add to growing calls in Britain and ...

Environmental groups have condemned oil giant BP for slashing emissions targets when its profits hit record highs. The company said that it had slashed its emissions reduction targets by a third ...

This was down slightly from record profits of $6.2bn last year. Joseph Evans, researcher at IPPR, said: “BP continues to profit from the cost of living crisis. While some UK households spent the ...

Why are BP, Shell, and Exxon suddenly backing off their climate promises? As oil giants rake in record-breaking profits, they have begun tapping the breaks on much-publicized initiatives.

Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030. The company's profits more than doubled to $27.7bn (£23bn) in ...