BP's net profit 2005-2021
BP reported a net income of 7.6 billion U.S. dollars in 2021. In the previous year, BP saw a net loss of over 20 billion U.S. dollars. The coronavirus pandemic induced lockdowns and travel bans led to many companies within the oil and gas industry struggling to turn a profit that year. Write-downs of oil and gas assets also contributed to the lowest ever net loss of the United Kingdom-based oil supermajor.
