BP profit hits eight-year high and boosts low carbon plans


BP’s rebound to an annual profit of US$12.85bil (RM54bil) after a large loss in 2020, is likely to add to calls in Britain for higher taxes on energy producers to help reduce consumers’ energy bills.“It’s all about one thing, and one thing only – delivering the strategy that we laid out. That’s working,” chief executive Bernard Looney (pic) told Reuters.

LONDON: BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.

BP’s rebound to an annual profit of US$12.85bil (RM54bil) after a large loss in 2020, is likely to add to calls in Britain for higher taxes on energy producers to help reduce consumers’ energy bills.

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BP , British Petroleum , Bernard , Looney carbon , plans ,

   

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