UK’s Centrica Profit Triples Amid High Energy Prices

UK’s Centrica Profit Triples Amid High Energy Prices

OilPrice.com

Published

British Gas owner Centrica Centrica Plc (OTCPK:CPYYY) saw its FY 2022 profits triple to a record 3.3 billion pounds last year amid high energy prices. Centrica's bottom-line received a big boost by soaring profits in its upstream oil and gas division, with wholesale gas prices in the country hitting record highs last year.  Centrica, which owns a 20% stake in Britain's nuclear power stations, also benefited from increased generation last year. Centrica announced an extension of the company's share buy-back programme to $300 million pounds…

Full Article