23 Hrs
Source:
The Guardian
BP profits surge amid Iran conflict
BP has announced it is selling its North Sea oil and gas operations amid record quarterly profits driven by rising oil prices caused by the Middle East crisis. The company’s profits more than doubled to $5.73 billion in the three months to June, as global energy prices surged. The new CEO, Meg O’Neill, indicated plans for an overhaul, including potentially exiting the North Sea after six decades.
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