BP First Quarter Profits Double To £2.4B
Shell reported underlying profits of just over $3.1 billion for the first three months of the year. The company expects upstream production to fall in the second quarter compared to the start of the year due to disruptions. BP is planning to reduce hybrid corporate bond financing to lower its debt load. Higher oil prices contributed to the increased profit. This figure is more than $0.5 billion higher than analyst estimates. Higher energy prices and market turmoil caused by the Iran War lifted the results. The growth was driven primarily by the company's trading division. The surge was driven by rising energy prices and oil trading gains linked to Middle East conflicts and the Iran war. The company attributed the increase to high oil prices and higher production in the Gulf of Mexico. BP announced these results from its headquarters in London.
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Sources · 7 independent
“The results for the first three months of this year show underlying profits of just over $3.1 billion. That's better than the doubling to $2 billion that had been expected by investors.”
“BP, de Britse olie gigant, British Petroleum heeft fantastisch eens heiwens laten zien. En ik dacht, ja, dat is nou niet zo gek ook. Want de onderliggende winst vond ik uit op 3,1 miljard dollar.”
“BP profits more than double as Iran war sends oil prices higher”
“BP reported Q1 underlying replacement cost profit of $3.2 billion, beating analyst expectations of $2.67 billion and significantly up ... I really think you can distinguish between situations that call for craftmanship and things that aren't worth much of your time”
“overall, the profit has definitely been helped by the big rise in oil prices that we've seen. Yeah, adjusted net income more than doubling from a year earlier to $3.2 billion.”
“net income more than doubling from a year earlier to $3.2 billion.”
“Profits at BP jumped in the first quarter, lifted by higher energy prices and market turmoil due to the Iran War. The oil majors adjusted net income in the first three months of the year came in at $3.2 billion, more than $0.5 billion higher than estimates.”
“De winst bijvoorbeeld, verdubbelde ten opzichte van Q1 vorig jaar. Ik kwam uit op 3,2 miljard dollar. Meten door de gestegen olieprijs als gevolg van de oorlog in Iran.”
“BP's Q1 profits more than doubled to $3.2 billion, driven by spiraling energy prices and oil trading gains linked to the Middle East conflict and the Iran war.”
“In the first quarter, net profit was around 3.2 billion US dollars, as the company announced in London. A year earlier, it was just under 1.4 billion dollars.”
“Dank hoher Ölpreise hat der britische Ölkonzern BP zu Jahresbeginn seinen Gewinn mehr als verdoppelt. Im ersten Quartal betrug der Netto-Gewinn rund 3,2 Milliarden US-Dollar, wie das Unternehmen in London mitteilte.”
“Dank hoher Ölpreise hat der britische Ölkonzern BP zu Jahresbeginn seinen Gewinn mehr als verdoppelt. Im ersten Quartal betrug der Netto-Gewinn rund 3,2 Milliarden US-Dollar”
“Im ersten Quartal betrug der Netto-Gewinn rund 3,2 Milliarden US-Dollar, wie das Unternehmen in London mitteilte. Ein Jahr zuvor waren es noch knapp 1,4 Milliarden Dollar gewesen.”
“BP has more than doubled its profits for the first three months of the year. It made £2.4 billion pounds of the period”
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