2 Aug 2022

BP triples profits after spike in oil and gas prices

Policy Correspondent

Oil and gas giant, BP today said its profits have more than trebled thanks to surging energy prices.

But – it’s a stark contrast – 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.