British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices

British Gas Owner Centrica Sees Profits Triple in 2022 Amid Soaring Energy Prices
A cyclist passes the British Gas Centre in Leicester, UK, on Oct. 17, 2013. Christopher Furlong/Getty Images
Alexander Zhang
Updated:

Energy firm Centrica, which owns British Gas, has seen its profits more than treble in 2022 amid soaring energy prices following the Russian invasion of Ukraine.

The energy giant reported underlying operating profits of £3.3 billion ($4 billion), more than triple its £948 million profits for 2021.