BBC News: Energy giant BP's profits double to $28bn

TL;DR

The company's profits more than doubled to $27. Andrew Griffith, Economic Secretary to the Treasury, who the BBC spoke to for the government's position, said the windfall tax struck the "right balance" between helping families with the cost of living and securing the UK's energy supplies. The government has had to step in to limit household energy bills, with the average home now paying £2,500 a year, although this is still more than double what it was a year ago

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