17:41 - 8.02.2022

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February 8 Fineko/abc.az. The net profit of UK oil & gas company BP amounted to $7.565 bn.

ABC.AZ reports that the company ended 2020 with loss of $20.3 bn.

Company's profit amounted to $2.33 bn (+71% by 2020) in the 4th quarter of 2021.

BP's total revenue in 2021 grew by 50% up to $164.195 bn, and in the 4th quarter this figure increased by 73% up to $52.24 bn.

The company's free cash flow for 2021 increased from $12.16 bn a year earlier to $23.6 bn, and capital expenditures decreased by 8.6% to $12.85 bn.

In 2021, the production of hydrocarbons in the BP group decreased by 4.5%, to $3.316 million barrels of oil equivalent per day.