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
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