BP records record profits of £7 billion as gas prices soar

Announcement comes as households across the country struggle to afford their bills

The energy giant BP has revealed its highest profits in around 14 years on the back of soaring oil and gas prices. The oil firm announced profits of nearly £7 billion in the three months to June.

Environmental campaigners say most consumers will react with anger at the figures at a time of rising energy bills. But BP say that its providing the oil and gas needed while moving to greener energy.

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