Record oil profits: BBC News Review 2022

January 30, 2023

The world’s five biggest oil companies made profits of 60 billion dollars in three months. This news comes at the same time as energy bills for consumers continue to rise to record levels.

Neil and Beth look at the vocabulary used in the headlines about this story.

Video chapters:
0:00 – Introduction
0:22 – Story
1:09 – Headline 1: The Guardian: BP accused of ‘unfettered profiteering’ as profits triple
2:53 – Headline 2: The Independent: BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners
4:25 – Headline 3: Financial Times: ExxonMobil and Chevron shatter profit records after global oil price surge
5:31 – Language summary

Key words and phrases

making large, unfair profits

* That bank is profiteering. A 70% interest rate is way too high.
* They charged $20 for a drink at the concert. That’s just profiteering!

laughing all the way to the bank
making a lot of money easily

* I was laughing all the way to the bank when I sold my car for a high price.
* He was made redundant, but the pay-out was so big that he laughed all the way to the bank.

break dramatically

* She shattered the 100m record.
* His dreams of playing international football were shattered by a serious leg injury.

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#learnenglish #oilprice #costofliving #ukrainewar

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  1. Did you take into account that oil companies begin to receive profit once projects are completed and oil pours out to consumers. Many companies just completed pipelines, and the balance sheets can now show profit because expenses are now down as project ended. Your journalism is biased.

  2. Thanks for Interesting and useful video

  3. Hello, I from Việt Nam

  4. He is looking like a jos buttler

  5. заебись видео)

  6. 🌄 The court of appeal refused the case because they knew the company profiteering wasn't legal.
    🌄 I will tell you a new expression "laughing all the way to the bank". This means making a lot of money easily.
    🌄 The player in blue shattered the 88m record.

  7. Thank you, I love this

  8. Please spell the word im listening to podcast but i cant know the word

  9. great content ! keep going neil

  10. Don’t come Australia Australia is dirty racist country government Estrella racist to Muslim people this hair you’re not safe in Australia

  11. Awesome

  12. Love scammers are profiteering by deceiving girls who live alone and earn a great amount of money. Once they have succeeded, they laugh all the way to the bank and scout another one to lie through their keyboards and teeth. Although there is not yet shattering record for those who were scammed, a mounting number becomes a nuanced in the society.

  13. Reply
    Vesper the Norwegian January 30, 2023 at 10:22 am

    thank you so much, please keep doing this!

  14. Oil companies made Shameful profiteering.
    Most people can't afford to buy their products.

  15. This conversation is very important to me. The best language in the world is English

  16. That company has profiteered. They're still raising the products' price while the input materials' price are decreasing.
    Tom is laughing all the way to the bank. His house has been sold as twice as the expected price.
    With that score, she has shattered the shooting record.

  17. Lots of thanks for you BBC Learning English from S. Korea.

  18. I am sorry, but not "because the war is in Ukraine", but because Russia has started a full-scale war against Ukraine, and if Western countries had provided Ukraine with a lot of weapons, it would have ended sooner

  19. Reply
    Πετρος Νικου January 30, 2023 at 10:22 am

    Profiteering delusional unfettered laughing all the way to the bank shatter

  20. My dream is to laugh all the way to the bank as I enter stock market. I hope it won’t be shattered.
    My boss never profiteers as he always treats and pays me well.

  21. The way u Taught the English, is marvelous 🤗🤗🤗🤗🤗🤗

  22. This 6 min story is very helpful…please continue this for ever

  23. That's an outrageous example of communist's propaganda! The video is against the bedrock of capitalism – making profit. Against bisnessmen, against democracy, against freedom! 🙂

  24. Very educational contents! worth a lot of credits.

  25. Iraq shattered a record for more than 200 days’ election

  26. My dreams were never shattered with my new job; after each paycheck, I laugh all the way to the bank as my new company is not profiteering like my last one which pays extremely low salaries.

  27. Nowadays we hear sentence 'fair price for gas and oil' so offten. But when USA and their alliance attacked and bombed other countries to grab their resources almost all western countries' people though that pices for oil and gas were pretty fair. I whish you to face accessability of energy recources like in Iraq, Siria, North Korea.

  28. BBC English help me to teach my students
    Thank from the bottom of my heart all teachers💞🇲🇲🇲🇲

  29. you are amazing. the words I learned from your videos, hardly get lost, because of all images you are creating

  30. I put solar panels up now I pay $10 a month for power .. the only problem is I have to send power back to grid and my power still comes from coal…cause even if we produce more power they just keep making more dirty power ..

  31. ⚠️⚠️⚠️NOT because the “War in Ukraine” ⚠️⚠️⚠️
    but because russia invasion to Ukraine, and makes a terror all the world with fossil fuels‼️

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