Salem Radio Network News Saturday, April 1, 2023


UK energy company BP’s profits double to $27.7 billion


( ) -v-33- UNDATED (Correspondent Jeremy House) “stock from shareholders.”

British energy firm BP has reported record annual earnings. Correspondent Jeremy House has more on the story.

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VERBATIM: The London-based company says underlying replacement cost profit jumped to $27.7 billion in 2022 from $12.8 billion a year earlier. BP’s earnings growth comes amid growing calls for the British government to boost taxes on companies profiting from the high price of oil and natural gas after Russia’s invasion of Ukraine. BP also increased its quarterly dividend by 10% and announced plans to buy back $2.75 billion of stock from shareholders.

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