BP’s Big Bang: Profits Skyrocket to £9.7 bn in 2018
Remember the year when BP’s bank account burst open like a champagne bottle? In 2018, the oil titan doubled its earnings, landing at a whopping £9.7 billion. High‑price fuel and fresh projects had a knack for turning the company’s profits into a money‑magnet.
The Numbers In a Nutshell
- 2018 gross profit: £9.7 bn – more than twice what it earned the year before.
- Underlying replacement‑cost profit (2017): £4.8 bn – a solid benchmark showing how much the core business really earns.
CEO Bob Dudley on the Winning Streak
Bob Dudley: “We’re not just talking about numbers; we’re proving a record of safe, reliable performance, efficient execution, and disciplined capital use. Our strategy is clearly on point, and it’s paying dividends for both the company and our shareholders as we navigate the energy transition.”
BP’s upward surge is a testament to its sharp strategy and a strong hold on the market. The company’s confidence in its operational excellence and fiscal prudence is a green light for investors, and an attractive slogan for the future of energy.
