The Limited Times

BP: boom in profits with gas, Biden threatens more taxes

11/1/2022, 11:47:48 AM


BP posted earnings, above analysts' estimates, of $ 8.15 billion in the third quarter and announced a further share buyback of $ 2.5 billion. (HANDLE)

(ANSA) - MILAN, 01 NOV - BP recorded a profit, above analysts' estimates, of 8.15 billion dollars in the third quarter and announced a further share buyback for 2.5 billion dollars.


    Gas trading pushed profits with the Russian invasion of Ukraine which caused energy prices to rise.


    In the past few hours, US President Joe Biden has threatened that "if oil companies do not change something they will pay a higher tax on extra profits".


   (HANDLE).