Billionaire Sir Jim Ratcliffe’s Ineos made £474m in profits from its oil and gas business last year after turmoil in the energy markets sent prices soaring.
Revenues at Ineos UK E&P Holdings, which operates and owns oil and gas fields in the North Sea, more than tripled in 2021 to £515m, according to its latest accounts. It swung into the black, making £474m in profits for the year, compared to a £226m loss a year earlier.
It said…