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Energy, Sector Focus

BP ‘profiting from cost of living crisis’, says think-tank

By Alex Janiaud

May 3, 2023
BP signage near field
BP has slowed the pace at which it is reining in its oil and gas production (Photo: Toby Melville/Reuters)

The IPPR has accused BP of ‘driving up prices and profits’ after the oil major beat profit expectations for the first quarter. After the release of oil major BP's quarterly results, the Institute for Public Policy Research, a think-tank, noted that the higher-than-expected profits came at a time of sustained ...

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