- BP's preferred profit measure surged by more than 130 per cent to a better-than-expected 3.2 billion US dollars (£2.4 billion) in the first quarter, up from 1.38 billion US dollars (£1.02 billion) a year earlier and 1.54 billion US dollars (£1.13 billion) in the previous three months.
- The significant profit increase is largely attributed to the soaring cost of crude oil, driven by the Iran war.
- Campaigners, including Friends of the Earth and the End Fuel Poverty Coalition, criticised BP for profiting from global instability at the expense of households facing rising fuel prices and a cost-of-living crisis.
- The End Fuel Poverty Coalition specifically called for a windfall tax on energy firms benefiting from the Iran-related energy crisis.
- BP's new chief executive, Meg O'Neill, said the company is focused on maintaining safe, reliable, and cost-efficient operations to ensure fuel supplies across the UK.
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