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BP back in Q1 profit after record loss linked to Russia exit | The Malaysian Insight

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BP back in Q1 profit after record loss linked to Russia exit

British energy company BP posts net profit of US$8.2 billion for the first quarter of this year, after recording its biggest loss after tax at US$20.4 billion in the first three months of 2022. – AFP pic, May 2, 2023.

BRITISH energy giant BP today posted net profit of US$8.2 billion for the first quarter, which compared with a record loss a year earlier as it ended operations in Russia. In the first three months of 2022, BP recorded its biggest quarterly loss after tax, at US$20.4 billion, as Moscow’s invasion of Ukraine caused its exit from Russian business.

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