Higher safety costs hit BP profit
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Oil giant BP sees its latest profits fall 12% after it was hit by lower oil prices and higher safety spending.
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Energy giant BP, the world's third-biggest oil major, reported on Tuesday that its fourth-quarter net profit jumped sharply due to higher prices and volumes.
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British Airways today reported further progress in its recovery as it made a half-year pre-tax profit of Â£335m, but said higher fuel costs remained a concern.
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British energy giant BP PLC said Wednesday that oil and gas production rose 4 percent in the fourth quarter of 2004, largely due to higher output from Russia, but added that higher taxes there would take a chunk out of earnings.
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Exxon Mobil Corp. posted the largest annual profit in U.S. history Thursday, even though fourth-quarter earnings fell on lower natural gas prices and shrinking gasoline margins.
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BP today announced record third-quarter profits of Â£2.14 billion on the back of soaring oil prices. The worldâs second biggest oil firm said pro forma net earnings included a charge for exceptional items of Â£218 million.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday  thanks to high oil prices, but analysts said higher capital  expenditure plans raised some concerns about the extent of  future share buybacks.
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Oil services firm reports record profits but hints the fourth quarter won't be as rosy
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Oil giant BP Plc  slashed its growth targets and raised spending plans on Tuesday, hitting its shares, as it reported better than expected, but falling, fourth quarter profits.
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BP PLC reported a 29 percent slump in third-quarter net profit on Tuesday due to higher maintenance costs and outages at key refineries, but some analysts said the worst might be over after a run of operational problems at Europe's second-largest oil company.
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SAFETY service provider Intertek posted a 17% rise in profits of pounds 45.2m for the six months to June 30 and was bullish about its prospects for the rest of the year. The firm, which has sites across the UK, said the oil, agriculture and chemical arms had all seen revenue growth.
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After months of soaring crude oil prices, BP, the world&#39;s second-biggest publicly traded oil company, reported a 43 percent rise in third-quarter profit on Tuesday and forecast
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BP Plc, the world's second largest oil company, reported bumper third-quarter earnings on Tuesday on the back of high oil prices.
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BP Plc&#39;s oil and gas production rose 11 percent on the year in the third quarter but analysts expect strong earnings for the quarter to be mainly due to runaway oil prices rather than BP&#39;s record in finding oil.
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HOUSTON, July 23 -- Halliburton's profit more than doubled in the second quarter, getting a $933 million lift from the separation of a former subsidiary, KBR. Even without that gain, the results beat Wall Street's forecasts for the oilfield services contractor. Halliburton had a profit of $1.5...
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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Chemical giant BASF AG said Thursday it nearly tripled its net profit in the third quarter as sales rose strongly and the company raised prices to cover the higher cost of oil.