BP profits drop after Russia-Ukraine war windfall fades

Oil elephantine BP profits has reported a steep autumn successful profits betwixt April and June aft vigor prices fell backmost from spikes caused by Russia's warfare with Ukraine.

The steadfast said its underlying profits dropped to $2.5bn (£2bn).

That compares to a $8.4bn summation it reported successful the aforesaid 3 months past year, a play covering the aboriginal stages of Russia's battle connected Ukraine.

Wholesale lipid and state prices person fallen backmost sharply since past year.

However, vigor giants specified arsenic BP and its rival Shell proceed to marque beardown profits. Shell precocious reported $5.1bn successful income for the April to June quarter.