BP annual profit soars to $9.4b on surging oil prices

BP almost trebled its annual net profit to $9.4 billion (8.2 billion euros) last year as oil prices soared in 2018, the British energy giant announced Tuesday.

Profit after tax rocketed from $3.4 billion in 2017, "primarily affected by higher oil prices and favourable foreign exchange" rates, BP said in a statement.