BP profits surge to five-year high

BP has joined fellow supermajors this reporting period with profits rising on the back of increased production from recently acquired US shale basins, despite a volatile oil price.

BP profits surge to five-year high BP profits surge to five-year high BP profits surge to five-year high BP profits surge to five-year high BP profits surge to five-year high
 
Overnight BP released its full-year earnings, with profits of US$12.7 billion for 2018, more than double that reported for 2017.
 
The fourth quarter profit result was $3.