The UK-based energy supermajor jumped four spots—and edged ahead of rival Exxon Mobil—on this year’s list, thanks to the company’s rising production levels and the recovery in oil prices. Revenues increased 30% and profits soared from $115 million to $3.4 billion, making it a banner year for a company that, eight years later, continues to deal with the fallout from its Deepwater Horizon oil spill. The company also enjoyed its most successful year of exploration since 2004, and continues to diversify through investment in renewables.
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Government has to deal with the problem, said the judge. With the Trump EPA, that's unlikely.
The suit called for an abatement fund that would go toward cities affected by flooding.
BP also revived share buybacks this week in a sign that austerity had paid off.