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February 8, 2023

Energy giant BP sees profits double

LONDON (AP) — British energy firm BP has reported record annual earnings amid growing calls for the U.K. government to boost taxes on companies profiting from the high price of oil and natural gas after Russia's invasion of Ukraine.

The London-based company said Tuesday that underlying replacement cost profit jumped to $27.7 billion in 2022 from $12.8 billion a year earlier.


 
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