AFPBernard Looney earned £4.5million last year '/ ' But his tone-deaf comments come as Brits face huge bills. Looney admitted that "living costs are spiralling upwards" with "the price of energy a big contributor". The Irishman stopped short of saying BP would help households, however. The firm reported that its preferred measure of profit had jumped to £6.9billion between April and June — more than three times higher than last year's £2.29billion and the second highest quarterly profit in its history. Prices for oil have soared on the back of Russia's invasion of Ukraine. Looney last year called BP a "cash machine". Most read in The US Sun GROWING UP Khloe Kardashian's ex Tristan Thompson's baby mama shares rare photo of son Theo 'WORST CASE SCENARIO' Pelosi 'may spark potential WW3 if China harms her on Taiwan trip' FOOD FAIL Aldi fans upset after easy dinner favorite more than doubles in price MORE MONEY Millions of Americans to get direct payments up to $1,050 - see the exact dates cash in hand Direct payments up to $300 out next month - find out how much you're due 'READY FOR WAR' China vows to 'fight to death' & masses tanks on beaches for Taiwan strike He earned £4.5million last year and is on track to receive a bumper £11.4million pay packet this year if he hits targets.
THE multi-millionaire boss of BP sparked further outrage yesterday as the oil giant's profits trebled to a 14-year high but he shrugged it off as a "trilemma". Bernard Looney's jargon was meant to refer to the three challenges facing the industry — energy security, fuel affordability and the transition to renewables. AFPBernard Looney earned £4.5million last year '/ ' But his tone-deaf comments come as Brits face huge bills. Looney admitted that "living costs are spiralling upwards" with "the price of energy a big contributor". The Irishman stopped short of saying BP would help households, however. The firm reported that its preferred measure of profit had jumped to £6.9billion between April and June — more than three times higher than last year's £2.29billion and the second highest quarterly profit in its history. Prices for oil have soared on the back of Russia's invasion of Ukraine. Looney last year called BP a "cash machine". Most read in The US Sun GROWING UP Khloe Kardashian's ex Tristan Thompson's baby mama shares rare photo of son Theo 'WORST CASE SCENARIO' Pelosi 'may spark potential WW3 if China harms her on Taiwan trip' FOOD FAIL Aldi fans upset after easy dinner favorite more than doubles in price MORE MONEY Millions of Americans to get direct payments up to $1,050 - see the exact dates cash in hand Direct payments up to $300 out next month - find out how much you're due 'READY FOR WAR' China vows to 'fight to death' & masses tanks on beaches for Taiwan strike He earned £4.5million last year and is on track to receive a bumper £11.4million pay packet this year if he hits targets.
AFPBernard Looney earned £4.5million last year '/ ' But his tone-deaf comments come as Brits face huge bills. Looney admitted that "living costs are spiralling upwards" with "the price of energy a big contributor". The Irishman stopped short of saying BP would help households, however. The firm reported that its preferred measure of profit had jumped to £6.9billion between April and June — more than three times higher than last year's £2.29billion and the second highest quarterly profit in its history. Prices for oil have soared on the back of Russia's invasion of Ukraine. Looney last year called BP a "cash machine". Most read in The US Sun GROWING UP Khloe Kardashian's ex Tristan Thompson's baby mama shares rare photo of son Theo 'WORST CASE SCENARIO' Pelosi 'may spark potential WW3 if China harms her on Taiwan trip' FOOD FAIL Aldi fans upset after easy dinner favorite more than doubles in price MORE MONEY Millions of Americans to get direct payments up to $1,050 - see the exact dates cash in hand Direct payments up to $300 out next month - find out how much you're due 'READY FOR WAR' China vows to 'fight to death' & masses tanks on beaches for Taiwan strike He earned £4.5million last year and is on track to receive a bumper £11.4million pay packet this year if he hits targets.
