BP Profits &#39;Â£1m A Day&#39;
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Oil giant BP today said record fuel prices and better refining margins had helped it to bank nearly Â£1 million a day in profits. BP posted profits of 3.94 billion US
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Anglo-Dutch oil giant Royal Dutch Shell said on Thursday that net profits leapt 23 percent last year to a record 31.331 billion dollars (21.115 billion euros), energised by soaring crude prices.
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British energy giant BP has announced the sale of its refinery in Coryton, southeastern England, to Swiss petroleum company Petroplus for 1.4 billion dollars (1.07 billion euros).
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Investor's Business Daily - 1 Oct. crude shot up $1.68 to $79.91, an all-time high, after the gov&#39;t reported steeper-than-expected drawdowns in supplies. Those stocks fell 7.1 mil barrels last week, far more than the 2.4 mil barrels forecast. Heating oil surged 3.64 cents to $2.2191 a gallon, also a record. Analysts say heating oil supplies aren&#39;t as high as they should be this near to the winter season.
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MAKE hay while the sun shines, they say. Or, in the oil majorsâ case, pump oil while the price rockets. BP yesterday, and no doubt Shell tomorrow, are doing just that, with profits going through the roof
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BP PLC, one of Europe's biggest oil companies, reported Tuesday that third-quarter profit fell 29 percent compared with a year ago because of lower margins and interruptions in refining.
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High energy prices help US oil giant Exxon Mobil report the highest ever annual profit by a US company - $39.5bn.
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London equities recovered their poise on Tuesday as closely-watched figures from oil group BP were not as bad as some had feared.
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Oil giant faces new accusations of profiteering after reporting highest-ever annual profits by a UK company
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Australian mining company WMC Resources Ltd. on Thursday forecast record profits for 2004 and announced plans to return up to 1 billion Australian dollars (US$761 million; euro570 million) to shareholders
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Oil giant Royal Dutch Shell reports record annual profits of $25.36bn, despite some setbacks in 2006.
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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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HOUSTON -- Oil giant Exxon Mobil Corp. said yesterday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production.
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A North American energy company which operates a major North Sea oil field is selling its British division for 2.1 billion (Â£1.14 billion), it was announced today.
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BHP Billiton&#39;s record-breaking profit was driven by China&#39;s seemingly insatiable demand for commodities. Picture:Bloomberg ...
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Chevron Corp.  said on Tuesday its new oil and natural gas projects will produce about 1.1 million barrels of oil equivalent per day by 2011, and it will keep exploration spending high in the coming years.
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Business & money: Â·  Petrol heads to Â£1 a litre for the holiday season Â·  Crude hits near-record level amid hurricane fears