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BBCNEWS World Business Report June 4, 2024 04:31:00

Let s get down to business. we start with bp, as it s expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let s take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off loading its nearly 20% stake in russian controlled oil company rosneft. it also instigated a huge share buy back programme. last week, its rival shell reported second quarter profits of $11.5 billion, prompting a backlash in the uk with one trade union leader describing the soaring profits as an insult to households who are struggling with rising energy bills. let s talk this through, with andrew critchlow from s&p global commodity insights. ....

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BBCNEWS BBC News at Six February 8, 2022 18:08:00

Which are set to rise even further. where £10 could have lasted you three or four days, two weeks later it can last you two days. so you can t. it s difficult to budget because you think, hang on, i thought i had £15 on there and now i ve just checked and i ve only got £7 left surely it should be this. and you re watching the balance go down and you re thinking there s nothing i can do. when that goes, there s no electric, there s no gas. whilejenny is strapped for cash, energy companies are now drowning in it, as oil prices have doubled and gas prices have risen 400% since last year. after losing money in 2020, bp made profits of nearly £10 billion last year, its highest for eight years. its rival shell reported bumper profits of £14 billion last week. meanwhile, consumers are facing record bills with the amount energy suppliers being allowed to charge rising by over 50%, to nearly £2000 a year, from april. ....

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BBCNEWS BBC News at Ten February 8, 2022 22:07:00

But also you want to get this episode finished with, draw a line under the cancer, god willing, and move on. millions like rosie want to get their operations done and move on. all the uk nations have seen rising waiting lists because of covid postponements and all are now coming up with plans to try to bring them down. hugh pym, bbc news. the oil giant bp has announced it made £9.5 billion of profit last year its highest for eight years. its rival shell has also reported bumper profits. labour and the liberal democrats have now renewed their calls for a windfall tax on energy companies, saying the money raised could be used to help people struggling with rising bills. but bp says it s investing profits into alternatives to fossil fuels. our business editor simonjack has the story. jenny is one of millions of people struggling with energy bills. on a prepayment meter, she is paying some of the highest prices, which are set to rise even further. where £10 could have lasted ....

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BBCNEWS BBC News February 8, 2022 20:11:00

Which are set to rise even further. where £10 could have lasted you three or four days, two weeks later it can last you two days. so you can t. it s difficult to budget because you think, hang on, i thought i had £15 on there and now i ve just checked and i ve only got £7 left surely it should be this. and you re watching the balance go down and you re thinking there s nothing i can do. when that goes, there s no electric, there s no gas. whilejenny is strapped for cash, energy companies are now drowning in it, as oil prices have doubled and gas prices have risen 400% since last year. after losing money in 2020, bp made profits of nearly £10 billion last year, its highest for eight years. its rival shell reported bumper profits of £14 billion last week. meanwhile, consumers are facing record bills with the amount energy suppliers being allowed to charge rising by over 50%, to nearly £2000 a year, from april. last november, bp s boss said ....

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BBCNEWS BBC News at Ten February 8, 2022 22:08:00

You three or four days, two weeks later it can last you two days. so you can t. it s difficult to budget because you think, hang on, i thought i had £15 on there and now i ve just checked and i ve only got £7 left surely it should be this. and you re watching the balance go down and you re thinking there s nothing i can do. when that goes, there s no electric, there s no gas. whilejenny is strapped for cash, energy companies are now drowning in it, as oil prices have doubled and gas prices have risen 400% since last year. after losing money in 2020, bp made profits of nearly £10 billion last year, its highest for eight years. its rival shell reported bumper profits of £14 billion last week. meanwhile, consumers are facing record bills with the amount energy suppliers being allowed to charge rising by over 50%, to nearly £2,000 a year, from april. ....

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