BP has reported massive profits for the three months to June, after oil and gas prices soared.
The energy giant saw underlying profits hit $8.45bn (£6.9bn) - more than triple the amount it made at the same time last year. The figure is the second highest in the firm's history and takes its half-year profits to $14.6bn.
The oil giant said it would boost shareholder payouts by 10% as well as buy back shares as a result of its higher earnings. The company said it would increase its payments to shareholders by £3.6bn pounds in the next three months.
It comes on the day typical household energy bills have been forecast to hit more than £3,600 a year this winter. The figure is hundreds of pounds more than previously predicted.
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