BP Profits Double To $3.2 Billion
BP reported profits of $3.2 billion, driven by exceptional performance in its oil and trading business. BP reported underlying quarterly profits of $3.2 billion between January and March. This figure represents more than a doubling of the company's previous underlying profit levels. The amount is approximately $5.4 billion NZD, according to the report. Research analyst Ashley Kelty of Panmure Liberum told the BBC that oil company profits are expected to continue rising. Results for the second quarter are also anticipated to be stronger. Second quarter results for BP and other companies are expected to be higher than previous analyst expectations. This represents the company's first financial result since the start of the Iran War. BP reported profits of $3.2 billion, an increase from $1.4 billion in the previous year. The company's earnings more than doubled compared to the prior year.
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Sources · 7 independent
“BP said it was driven in part because of the global warming. by an exceptional performance in its oil and trading business. The result beat analyst expectations and was well above the $1.38 billion it made in the same period last year.”
“BP's Customer and Products Division, which includes its oil trading unit, reported profits of $2.5 billion up from just $103 million a year ago.”
“the global oil giant has more than doubled its underlying profit to $3.2 billion. Now that's about $5.4 billion kiwi, and it made that amount between January and March.”
“between January and March. So that was just its quarterly underlying profit.”
“BP says it's experienced an exceptional performance in its oil trading business and profits were higher than analysts' expectations.”
“In its first result since the conflict broke out, the energy giant, their reported profits, are $3.2 billion, that's 2.4 billion pounds, between January and March, after an exceptional performance in their oil trading business.”
“But oil jobs. 2.4 billion war boners, blatant profiteering they say. You do realise, by the way, that BP pays 78% tax on any profits they make on oil that they drill from the North Sea.”
“They are a significant international company on the globe. in addition to that, if you've got a pension, they are a significant company. They are profiting your pension.”
“extraordinary profits enjoyed by BP as announced yesterday 3.2 billion up from 1.4 billion the previous year more than double”
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