THE multi-millionaire boss of BP sparked further outrage yesterday as the oil giant’s profits trebled to a 14-year high but he shrugged it off as a “trilemma”.

Bernard Looney’s jargon was meant to refer to the three challenges facing the industry — energy security, fuel affordability and the transition to renewables.

But his tone-deaf comments come as Brits face huge bills.

Looney admitted that “living costs are spiralling upwards” with “the price of energy a big contributor”.

The Irishman stopped short of saying BP would help households, tuttavia.

The firm reported that its preferred measure of profit had jumped to £6.9billion between April and June — more than three times higher than last year’s £2.29billion and the second highest quarterly profit in its history.

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Prices for oil have soared on the back of Russia’s invasion of Ukraine.

Looney last year called BP a “cash machine”.

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He earned £4.5million last year and is on track to receive a bumper £11.4million pay packet this year if he hits targets.