📕 subnode [[@neil/energy company profits]] in 📚 node [[energy-company-profits]]
📕 text contributed by @neil 本 ️👁 📝

Energy company profits

The UK firm [[BP]] was accused of "unfettered profiteering" after it said on Tuesday underlying profits had tripled to $8.5bn (£6.9bn) between April and June, thanks to high oil prices. It was its biggest quarterly profit in 14 years and BP said it would hand out nearly £4bn to shareholders as a result.

– Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bil…

Such huge profits during the [[cost of living crisis]] is unconscionable.

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