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Transcripts for BBCNEWS Breakfast 20240604 07:10:00

Have household bills. we have seen our household bills doubled in the same period, and that is with government support. what is the government support. what is the government done about it? then put in place this went full tax, an extra tax for these unexpected, extraordinary profits. and today, we learned that bp paid, they think, the latest estimate, i m sorry, is they paid around £678 million in windfall tax. that s not a lot of money when you compare it to the billions in profit. this will raise questions again about whether that system is working, especially when you look at shell last week announcing their biggest profits in their 115 year history. 111 million in windfall tax. it is important to remember these profits are for global companies. this is money they make globally. not all the money is made in the uk. and they are profitable in order to reinvest.

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Transcripts for BBCNEWS Breakfast 20240604 07:09:00

Tom bateman giving us an update from adana in turkey. in the last few minutes, energy giant bp has released latest results. nina is here to update us. good morning. we are keeping a close eye on how much these global gas giants are making at a time when households are struggling, of course. we all know the name bp. a british based oil and gas company. they extract energy, they process it. a lot of it ends up in our homes. this morning we learned in 2022 they made profits of £23 billion. compare that to 10.6 billion. compare that to 10.6 billion the year before. so, double the amount of aid made a year earlier. why has that happened? we keep talking about the war in ukraine and the pressure on resources. inevitably that means prices go up. the wholesale price of energy sword. so what, you might say? businesses make lots of money. that s what big global companies do. as their companies have doubled, so

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Transcripts for BBCNEWS Breakfast 20240604 07:01:00

And fog too so poor visibility once again tomorrow morning. things will turn a bit milder as we head through thursday and friday. there s more on our website and social media, including cheryl on her west end debut. that s it for now. i m back in half an hour. good morning, welcome to breakfast with sally nugent and jon kay. 0ur headlines today. almost 5000 people are known to have died after two major earthquakes in turkey and syria. the prime minister s expected to announce a cabinet reshuffle as he replaces conservative party chairman nadhim zahawi. the search continues for nicola bulley, the mother of two who went missing while walking her dog near a river 11 days ago. more bumper profits for energy companies? we ll find out in the next few minutes, as bp give us an update on how they performed last year. i ll have the latest.

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Transcripts for BBCNEWS BBC News 20240604 10:44:00

And has been praised for her dedication and inspirational leadership. her daughter wasjust seven years old, so surrey police are investigating the deaths as a murder suicide, they believe he killed his wife and daughter before killing himself. the energy giant bp has reported record profits for last year, driven by surging oil and gas prices because of the war in ukraine. bp made £23 billion in 2022, more than double the total in the previous year. i spoke to our business correspondent nina warhurst, who put these figures into context regarding the cost of living crisis. when you look at the numbers, profits of £23 billion in 2022,

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Transcripts for BBCNEWS BBC News 20240604 09:16:00

Picture is not particularly clear at the moment in terms of what has happened. so they are using that satellite system to help inform the authorities, and of course, there s been talk about the need for heavy lifting equipment and asking the eu what they might be doing in that regard, but what they re saying at the is they have had a number of member states, the latest was around 19, pledging support, heading to turkey, but i think is the situation unfolds, maybe there will be more support emerging because of the very tragic scenes we are seeing in that area. the energy giant bp has reported record profits for last year, this driven by surging oil and gas prices because of the war in ukraine. bp made 23 billion pounds in 2022, more than double the total in the previous year. i m joined now by our business correspondent nina i m joined now by alfie stirling, director of research and chief economist at the new economics foundation.

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