EnergyWatch

BP revels in higher oil prices

Earnings have more than doubled at British oil giant BP after a year which the CEO calls one of the strongest in recent history.

Photo: Aker BP ASA, Pressefoto

After almost eight years in what can be described as a state of emergency, British oil company BP presents an annual report today which is all but excellent.

The report shows that in 2017 BP earned USD 6.2 billion in underlying replacement profit, which is the accounting unit that analysts usually focus on in BP reports. This marks growth of 139 percent relative to 2016 where BP made USD 2.6 billion.

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