The Latest Breaking News from British Petroleum

Chief executive Bernard Looney – who called BP a 'cash machine' – could make much as £11.7million from the profits surge while Brits struggle with the cost of living crisis

TechnipFMC plc (NYSE: FTI) reported second-quarter 2022 adjusted earnings of 2 cents per share, lagging the Zacks Consensus Estimate of 4 cents per share. This underperformance was due to higher product costs and lease expenses, which pushed up the company's total expenses.

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

Plus, support grows for 'don't pay UK' campaign

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The oil giant announced its results on Tuesday.

Reuters

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

Stock futures point to a lower open on Wall Street as House Speaker Nanci Pelosi's visit to Taiwan stokes geopolitical concerns; Pinterest shares soar despite second-quarter earnings and revenue miss; Estée Lauder reportedly courting Tom Ford; high energy prices boost BP earnings; SEC lays charges in crypto Ponzi scheme.