Originally Posted by
TWGL1
The energy crisis could be eased out without tax payers help. Energy companies are still making huge profits, yet prices are still high.
BP revealed second-quarter profits more than trebled to a 14-year high. The oil giant reported underlying replacement cost profits – its preferred measure – jumping to a far better-than-expected £6.9 billion for the three months to June 30, up from £2.3 billion a year ago.
A week earlier, Centrica’s half-year profits soared five-fold to £1.3 billion, while Shell achieved a record second quarter result as adjusted earnings hit nearly £9.5 billion.
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