BP profits surge in energy crunch; SoftBank’s sale of chip group Arm to Nvidia collapses – business live | Business

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BP has reported a surge in profits as the oil giant cashes in on the jump in oil and gas prices which are fuelling the cost of living crisis.

BP made an underlying replacement cost (RC) profit, its preferred earnings measure, of $4.065bn (£3bn) in the last three…

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News Source: https://www.theguardian.com/business/live/2022/feb/08/bp-profits-surge-energy-crunch-softbank-arm-ofgem-stock-markets-business-live

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