BP sees profits gush on oil price

BP’s profits more than doubled in 2017 to $6.2bn (€4.98bn) powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn.

The company saw one of the strongest output increases in its history last year, lifting production to levels not seen since the 2010 Deepwater Horizon spill.