BP rebounds into $15.2bn net annual profit
BI Desk || BusinessInsider
Published: 00:52, 7 February 2024
Photo: Collected
British energy giant BP rebounded into vast profit in 2023, it said Tuesday, after slumping into a loss the prior year on its exit from Russia following Moscow's Ukraine invasion.
Profit after taxation rocketed to $15.2 billion last year from a net loss of $2.5 billion in 2022, BP said in a results statement, but added that underlying profit excluding exceptional items halved to $13.8 billion on lower refining margins and oil sales, BSS/AFP.
