BP profits hit an eight-year high of almost $13bn, driven by surging prices for oil and natural gas, sparking renewed calls from opposition politicians for a windfall tax on fossil fuel producers to help consumers struggling with higher energy bills.
The oil major said that underlying profits hit $12.8bn last year on a replacement cost basis, which is the measure most closely tracked by analysts. That was the highest level since 2013.
It also maintained its dividend and committed to buying back $1.5bn of shares in the first quarter of 2022.
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