- BP's profits more than doubled in the first three months of the year, reaching 3.2 billion US dollars (£2.4 billion), exceeding analyst predictions.
- The significant profit surge is attributed to soaring crude oil costs, exacerbated by the Iran war, which began on 28 February.
- Chancellor Rachel Reeves stated that these substantial profits are precisely why the Government extended the energy profits levy to tax windfall gains.
- Campaigners, including Greenpeace UK, criticised BP for profiting from high energy prices while households face rising fuel costs and impending energy bill increases.
- BP's new chief executive, Meg O'Neill, affirmed the company's commitment to maintaining fuel supplies and minimising disruption for customers and governments.
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