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Its replacement cost profit between July and September was $4.98bn (£3bn), down from $10bn a year earlier. However, the results were ahead of analysts' expectations and profits were much higher than the $3.14bn BP made in the second quarter of 2009. Although...
Tags: oil price, cut target, bp profits, oil giant, quarter profits, profits halved
OIL firm BP announced a 53% slump in profits today, but the company said it continued to steer "a steady course through choppy waters". The haul of 3.14 billion US dollars (£1.9 billion) between April and June was well down on the 6.75 billion US dollars...
Tags: oil price, oil company, bp profits, net profits, BP PLC, largest oil, TNK-BP, Europe, profits halved
The decline to £2.39 billion in the first three months of this year came as global oil prices dived below $50 a barrel, compared with the peak of $147 in July. BP, which last year reported record annual profits of $25.6 billion, said profits more than...
Tags: BP PLC, oil price, bp profits, net profits, PetroChina, profits tumbles, oil companies, billion yuan, European, profits fall
BP said second-quarter earnings rose 28 percent as crude surged to a record and natural-gas prices increased. Net income advanced to $9.47 billion, or 49.80 cents a share, from $7.38 billion, or 38.18 cents, a year earlier, the London-based company said...
Tags: BP Texas City, BP Profit Soars, oil price, bp profits, net profits
The company, at war with private shareholders in Moscow, was helped towards its six-month figure by a second-quarter replacement cost profit result of $6.5bn, up 6% on the same quarter last year. BP's core exploration and production unit performed well,...
Tags: oil, prices, gas, cut, bp profits