MARKETS

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.

Paul Hunt

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 $3.5 billion, which the business...

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