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BP made profits of nearly £7bn in the second quarter of the year as it became the latest in a procession of energy companies to enjoy huge financial benefits from surging oil prices during Russia’s invasion of Ukraine, even as families struggle in a cost of living crisis.
The FTSE 100 oil company on Tuesday said its preferred measure of profit, which it describes as its underlying replacement cost profit, rose to $8.5bn (£6.9bn) between…
