BP posts profits of $3.3bn as oil prices rise again

Energy giant BP has reported profits of $3.3bn between July and September as oil prices began to rise again. Its profits were down from $8.1bn in the same period last year, but up from $2.6bn in the previous quarter. BP, along with many other energy firms, posted huge figures in 2022 following Russia's invasion of Ukraine, which led to oil prices soaring. Wholesale oil prices are lower than that period but have risen recently. BP's latest results are the first to be released after Bernard Looney resigned as the company's chief executive in September following a review of his personal relationships with colleagues.

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