Wednesday, 19 January 2022

Tag Archives: BP

BP says taking $2-3 billion hit on asset disposals

LONDON: British energy major BP said that it will take a charge of $2-3 billion (1.8-2.7 billion euros) on the back of major asset sales including its Alaska division. The company said in a statement that it would take the hit in its third-quarter earnings, which are scheduled for publication ...

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Royal Dutch Shell beats profit expectations

LONDON: Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings. Shell’s results outshone those of rivals Exxon Mobil, Chevron and BP which all saw sharp declines in profits in ...

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BP profits double as oil production increases

LONDON: British energy major BP on Tuesday (Oct 31) logged a modest increase in third-quarter net profit, energised by a recovery in the global price of oil. BP said in a statement that bottom-line net profit rose by nine per cent to US$1.769 billion (€1.521 billion) in the three months ...

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BP and Rolls-Royce top FTSE after swinging into profit

LONDON: BP and Rolls-Royce have driven the FTSE 100 higher after the oil giant and aircraft engine maker delivered better-than-expected results. Shares in Rolls-Royce jumped 9.6% to 973p after it reported profits of £1.9 billion in the six months to the end of June, reversing the £2.2 billion loss made ...

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