Profits down at British Gas owner
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Centrica, the owner of British Gas, reports a 5% fall in operating profits despite the benefit of higher fuel bills.
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Oil giant BP Plc saw its third-quarter  profits reduced by energy trading losses after its dealers got  on the wrong side of volatile markets.
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British oil giant BP reported a drop in net profit for the three months to June on Tuesday, as energy production dropped for an eighth quarter running despite strong world demand for oil and gas.
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BP PLC said Tuesday its fourth-quarter profit dropped 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska. The oil company also slashed its growth targets and raised its capital expenditure forecast for this year.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Oil giant BP Plc saw its third-quarter profits reduced by energy trading losses after its dealers got on the wrong side of volatile markets.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.
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Oil giant BP Plc  posted a  lower-than-expected 12 percent drop in fourth-quarter profit on  Tuesday as production fell and taxes rose but investors were  disappointed by scaled back growth plans and rising costs.
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Natural gas producer and pipeline  company El Paso Corp.  posted a second-quarter profit on  Monday, but its exploration and production earnings weakened,  sending its shares down 4.5 percent.
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The company said lower refining margins and gas prices were exacerbated by disruptions at some refineries.
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British Gas customers will see their gas bills fall by 17% and electricity by 11% on Monday.
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UK sports retailer JJB says its profits are set to fall 20% below market forecasts as  bad weather and tough competition hit sales.
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British drinks giant Diageo reported a small fall in annual headline profits before tax, which were crimped by the strength of sterling.
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Fleetwood Enterprises , which  makes recreational vehicles and manufactured homes, on Thursday  posted a lower-than-expected quarterly profit and said rising  gas prices and interest rates were biting into demand.
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British Energy Plc shares plunged for a second day after the UK electricity producer took action to fend off investors who are trying to get more money out of the company&#39;s debt-restructuring plan.
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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BP Plc posted a 1 percent drop in quarterly post-tax profit to $6.087 billion as production fell and refinery outages prevented the oil giant from taking full advantage of near-record refining margins.