Business Live with Ian King: BP records second highest profits since 2012

Join Ian King and guests for all the latest business news from the City, as oil giant BP records underlying replacement cost profits of $13.8bn (£11bn) during 2023. That was down from the record $27.7bn (£22.1bn) sum achieved in 2022. It was largely due to lower oil prices but remained its second highest figure since 2012. The annual profit total was aided by a better than expected performance in the final quarter - boosted by stronger than anticipated gas trading Plus, retail sales grew at their slowest pace in January for 17 months as consumers continued to struggle with the cost of living. #Business #BP #Oil #Retail #Sales #Economy #CostOfLiving Read more ????https://trib.al/x7hAerC Latest business news ???? https://trib.al/unXvp4J Money advice blog ???? https://trib.al/wEeVvFT SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales