NewsBeat
BP slammed over ‘astronomical’ profits amid oil price spike caused by Iran war
The FTSE 100 firm revealed its preferred profit measure – underlying replacement cost profit – surged by over 130% to a better-than-expected 3.2 billion US dollars (£2.4 billion) in the first quarter, up from 1.38 billion US dollars (£1.02 billion) a year earlier and 1.54 billion US dollars (£1.13 billion) in the previous three months.
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