Cost of living crisis, what cost of living crisis? Back of a beer mat estimate is that’s £233 per household in the UK (per quarter). Of course BP operate worldwide however they’re not the only company making profits like this.
Edited to add; for everyone saying “but BP reported loses of $20bn in Q1″… They actually recorded underlying profits of $6.2bn
What pisses me off more is the fact i looked through history and knew it was publically owned.
That could of been 7 billion being reinvested directly back into the country.
But because MAGGOT FUCKING THATCHER privatised the thing it’s going to some twats in suits and office chairs.
It’s not just the fact the we are being robbed, but it’s the lack of anger that gets to me.
Your average adult is happy to nod at their 1600 quid hitting their bank account on pay day, chug a couple of beers on the Friday, follow the footy on a Saturday, Netflix and chill on a Sunday and not really care too much about the fact that the 0.1% are slowly squeezing them to death.
All while thinking Boris Johnson is a bit of a lad and weighing up which tory they are going to want to vote for more in 2024 because the Sun tells them that the Red party are evil commies even when the centre-right have taken it over.
It is almost face-in-a-pillow-screaming levels of frustrating.
It’s almost funny. Like it’s so ridiculous you just have to laugh a bit.
Fucking disgusting. Of course inflation is going to keep spiralling when the transfer of wealth is only getting worse during a cost of living crisis. Transfer of wealth and power continues from the bottom to the top and we’re feeling the crunch down here while those who have already won continue to abuse the system so they can watch the numbers go up without any thought for the people they crush to get there. We have the resources to make this work for everybody, and this is only becoming more true – yet those at the top continue to siphon everything towards themselves at the expense of the masses in their psychotic little game.
Its almost like the entire social contract of life is in utter collapse.
What on earth is society going to look like in 20 years at this trajectory.
I love how they are selling this as most profits will go back to shareholders and which include pension funds. The biggest chunk will go to rich executives and rich shareholders. It is classic case of money moving upwards.
When do we get a sovereign wealth fund like Norway?
Not even shocked at this point. Now that these big companies have seen the massive profits they can make there is no chance they are going back to how it was before. As much as I hate the term, I can’t help but feel this is the new normal.
UK launches sanctions on Russian Energy. Price hikes. Rolled on to the public to lift the weight. Public includes service and goods providers. Prices go up on everything for everyone But weak suffer most. Rich get more rich. Middle class erased.
standard practices yea? Another day at the office. Pop the champaigne
So, who’s up for not paying their energy bills when the price increase comes later this year?
They couldn’t make maybe £4bn and keep prices the same? Greed is an awful thing
If prices are surging shouldn’t they be recording record losses? Oh no wait, the losses are out in those who can’t afford them.
Someone on the radio was arguing that we should feel sorry for BP because it’s not them that set the wholesale prices.
They are right, they don’t, but they could quite easily absorb some of that cost.
Like the boss of BP said, BP is like a cash machine at the moment.
Wasn’t there some talk of trickle down economics?
I feel like the only thing ‘Trickling Downward” is shareholders champagne flavoured effluence.
BP reports profits of £7bn as oil prices surge because of ~~Ukraine war~~ **immense fucking greed**.
The war hasn’t made oil prices go up, they chose to increase prices far more than the war impacted their bottom lines, and it’s far from the first time the oil industry has chosen wealth over society.
There is not an ounce of humanity in those corporate husks.
They chose obscene wealth, knowing *full well* their decisions would impoverish and kill countless.
Tax the miserable cunts ’til they’re as broke as the rest of us, and then do it some more because fuck ’em, they deserve to feel the pain of the poverty they’ve inflicted.
They’re leeches, siphoning life from the planet to turn into privately owned opulence. I despise every last one of the rat bastards.
The Ukraine war is obviously causing the current spike in the cost of oil but the price per barrel is currently only slightly higher than it was from 2011-2014.
What not many people are talking about is the fact that the pound being weak against the dollar is much to blame as oil is priced in US dollars.
A lot of talk of nationalisation because of the Q2 profit. We’re people still for nationalisation during the Q1 loss?
BP runs by far the cheapest petrol stations near me now. They used to be 3-7p more expensive than Tesco and are now up to 9p a litre cheaper, it really is quite something
I simply don’t understand how ANYONE, regardless of how nakedly capitalist, can think this is sustainable. If you have capped wages but uncapped profits and rising dividends, there will come a point of no return.
Can somebody please ELI5 on how this works exactly? Obviously higher cost due to the war will mean that they pay more for oil, and as a result we will pay more for oil. However, I don’t see why that means they make record profits. They make record profits because they are increasing their prices even more than that price increase surely? Its not because of the war that they are making record profit, but that they are greedy cunts. Am I missing something obvious here?
A lot of comments about this thread seem to be acting as if BP control the wholesale oil price. The wholesale price has gone up (primarily to my understanding) because of the war in Ukraine reducing supply. If BP started selling their oil at below the going rate out of the kindness of their hearts I assume someone else would just buy it and sell it at the wholesale oil rate to make a profit.
BP’s obviously a terrible company but a lot of the comments in this thread just don’t make sense.
I just want to say reading this just fills me with dread. We are totally fucked. I have no faith in anyone to lead this country and to do right by the people. They only want to look after themselves and if what I’ve heard is right a huge portion of the shareholders in energy companies are in the Conservative party? I’m not a highly educated gal in terms of politics and this is hearsay may not be exactly right but if that’s the case I’m sick to the back teeth of those fuckers in Westminster. The whole system is wrong, morally wrong. Drs and Nurses pay for their lunches, they can charge them to the tax payer. Drs and nurses pay to park their cars, they charge to the tax payer. Westminster have a crèche, drs and nurses pay extortionate childcare. I’m honestly so fed up and annoyed. I have never felt such a pull to stand on a bloody picket line… vive the bloody resistance!!!!
Welcome to modern society, where corruption shits all over you telling you bullshit and lies that you eat up without a question only to later find out you’re getting fucked.
Do people really think all these shortages are because of the Ukraine war? Especially of products that aren’t even produced in the Ukraine? “Supplier routes being obstructed blablabla”-myass
Headline: Company with fixed cost base that sells commodity at variable price, makes more money when commodity prices increase
I literally can’t get my head around this. I’ve been off work sick for a few months due to mental health issues and my SSP and Universal Credit is barely keeping me and my family going. Ironically the rising prices and how the world is fucked in general is making my mental health worse and stopping me going back to work.
Yet these greedy rich bastards will be having their share of 7bn profits while the rest of the population struggle to even feed themselves. What the fuck is wrong with the world?
To the people in this thread saying it should be nationalised, would you have bought shares in Blockbuster at the end of its corporate life if the internet was down for a bit?
Tax the fockers that way you get the monays without the pain of losing long term on the share price. And to those saying “it will dissuade other dino fossil fuel companies from investing in the UK” isn’t that what is wanted ultimately?!
This isn’t yearly profits, this is just how much they made in the time its taken me to get through a small tub of margarine
28 comments
Cost of living crisis, what cost of living crisis? Back of a beer mat estimate is that’s £233 per household in the UK (per quarter). Of course BP operate worldwide however they’re not the only company making profits like this.
Edited to add; for everyone saying “but BP reported loses of $20bn in Q1″… They actually recorded underlying profits of $6.2bn
Source: https://www.bp.com/en/global/corporate/news-and-insights/press-releases/first-quarter-2022-results.html
*sigh*
What pisses me off more is the fact i looked through history and knew it was publically owned.
That could of been 7 billion being reinvested directly back into the country.
But because MAGGOT FUCKING THATCHER privatised the thing it’s going to some twats in suits and office chairs.
It’s not just the fact the we are being robbed, but it’s the lack of anger that gets to me.
Your average adult is happy to nod at their 1600 quid hitting their bank account on pay day, chug a couple of beers on the Friday, follow the footy on a Saturday, Netflix and chill on a Sunday and not really care too much about the fact that the 0.1% are slowly squeezing them to death.
All while thinking Boris Johnson is a bit of a lad and weighing up which tory they are going to want to vote for more in 2024 because the Sun tells them that the Red party are evil commies even when the centre-right have taken it over.
It is almost face-in-a-pillow-screaming levels of frustrating.
It’s almost funny. Like it’s so ridiculous you just have to laugh a bit.
Fucking disgusting. Of course inflation is going to keep spiralling when the transfer of wealth is only getting worse during a cost of living crisis. Transfer of wealth and power continues from the bottom to the top and we’re feeling the crunch down here while those who have already won continue to abuse the system so they can watch the numbers go up without any thought for the people they crush to get there. We have the resources to make this work for everybody, and this is only becoming more true – yet those at the top continue to siphon everything towards themselves at the expense of the masses in their psychotic little game.
Its almost like the entire social contract of life is in utter collapse.
What on earth is society going to look like in 20 years at this trajectory.
I love how they are selling this as most profits will go back to shareholders and which include pension funds. The biggest chunk will go to rich executives and rich shareholders. It is classic case of money moving upwards.
When do we get a sovereign wealth fund like Norway?
Not even shocked at this point. Now that these big companies have seen the massive profits they can make there is no chance they are going back to how it was before. As much as I hate the term, I can’t help but feel this is the new normal.
UK launches sanctions on Russian Energy. Price hikes. Rolled on to the public to lift the weight. Public includes service and goods providers. Prices go up on everything for everyone But weak suffer most. Rich get more rich. Middle class erased.
standard practices yea? Another day at the office. Pop the champaigne
So, who’s up for not paying their energy bills when the price increase comes later this year?
They couldn’t make maybe £4bn and keep prices the same? Greed is an awful thing
If prices are surging shouldn’t they be recording record losses? Oh no wait, the losses are out in those who can’t afford them.
Someone on the radio was arguing that we should feel sorry for BP because it’s not them that set the wholesale prices.
They are right, they don’t, but they could quite easily absorb some of that cost.
Like the boss of BP said, BP is like a cash machine at the moment.
Wasn’t there some talk of trickle down economics?
I feel like the only thing ‘Trickling Downward” is shareholders champagne flavoured effluence.
BP reports profits of £7bn as oil prices surge because of ~~Ukraine war~~ **immense fucking greed**.
The war hasn’t made oil prices go up, they chose to increase prices far more than the war impacted their bottom lines, and it’s far from the first time the oil industry has chosen wealth over society.
There is not an ounce of humanity in those corporate husks.
They chose obscene wealth, knowing *full well* their decisions would impoverish and kill countless.
Tax the miserable cunts ’til they’re as broke as the rest of us, and then do it some more because fuck ’em, they deserve to feel the pain of the poverty they’ve inflicted.
They’re leeches, siphoning life from the planet to turn into privately owned opulence. I despise every last one of the rat bastards.
The Ukraine war is obviously causing the current spike in the cost of oil but the price per barrel is currently only slightly higher than it was from 2011-2014.
What not many people are talking about is the fact that the pound being weak against the dollar is much to blame as oil is priced in US dollars.
A lot of talk of nationalisation because of the Q2 profit. We’re people still for nationalisation during the Q1 loss?
BP runs by far the cheapest petrol stations near me now. They used to be 3-7p more expensive than Tesco and are now up to 9p a litre cheaper, it really is quite something
I simply don’t understand how ANYONE, regardless of how nakedly capitalist, can think this is sustainable. If you have capped wages but uncapped profits and rising dividends, there will come a point of no return.
Can somebody please ELI5 on how this works exactly? Obviously higher cost due to the war will mean that they pay more for oil, and as a result we will pay more for oil. However, I don’t see why that means they make record profits. They make record profits because they are increasing their prices even more than that price increase surely? Its not because of the war that they are making record profit, but that they are greedy cunts. Am I missing something obvious here?
A lot of comments about this thread seem to be acting as if BP control the wholesale oil price. The wholesale price has gone up (primarily to my understanding) because of the war in Ukraine reducing supply. If BP started selling their oil at below the going rate out of the kindness of their hearts I assume someone else would just buy it and sell it at the wholesale oil rate to make a profit.
BP’s obviously a terrible company but a lot of the comments in this thread just don’t make sense.
I just want to say reading this just fills me with dread. We are totally fucked. I have no faith in anyone to lead this country and to do right by the people. They only want to look after themselves and if what I’ve heard is right a huge portion of the shareholders in energy companies are in the Conservative party? I’m not a highly educated gal in terms of politics and this is hearsay may not be exactly right but if that’s the case I’m sick to the back teeth of those fuckers in Westminster. The whole system is wrong, morally wrong. Drs and Nurses pay for their lunches, they can charge them to the tax payer. Drs and nurses pay to park their cars, they charge to the tax payer. Westminster have a crèche, drs and nurses pay extortionate childcare. I’m honestly so fed up and annoyed. I have never felt such a pull to stand on a bloody picket line… vive the bloody resistance!!!!
Welcome to modern society, where corruption shits all over you telling you bullshit and lies that you eat up without a question only to later find out you’re getting fucked.
Do people really think all these shortages are because of the Ukraine war? Especially of products that aren’t even produced in the Ukraine? “Supplier routes being obstructed blablabla”-myass
Headline: Company with fixed cost base that sells commodity at variable price, makes more money when commodity prices increase
I literally can’t get my head around this. I’ve been off work sick for a few months due to mental health issues and my SSP and Universal Credit is barely keeping me and my family going. Ironically the rising prices and how the world is fucked in general is making my mental health worse and stopping me going back to work.
Yet these greedy rich bastards will be having their share of 7bn profits while the rest of the population struggle to even feed themselves. What the fuck is wrong with the world?
To the people in this thread saying it should be nationalised, would you have bought shares in Blockbuster at the end of its corporate life if the internet was down for a bit?
Tax the fockers that way you get the monays without the pain of losing long term on the share price. And to those saying “it will dissuade other dino fossil fuel companies from investing in the UK” isn’t that what is wanted ultimately?!
This isn’t yearly profits, this is just how much they made in the time its taken me to get through a small tub of margarine