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Oil giant BP sees biggest profit in 114-year history

 Published: 08:45, 7 February 2023

Oil giant BP sees biggest profit in 114-year history

Energy giant BP has reported record annual profits after oil and gas prices surged last year following Russia's invasion of Ukraine.
The company's profits more than doubled to $27.7bn (£23bn) in 2022, compared with $12.8bn the year before.
Other energy firms have seen similar rises, with Shell reporting record earnings of nearly $40bn last week.

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