Tuesday 26th of November 2024
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BP has reported a 63 percent jump in profits in the first quarter compared to the same period a year ago. The oil company on Tuesday reported a profit of $7.6 Billion compared to $4.4 billion in the first quarter of 2007. First-quarter profit was up 73 percent compared to the previous quarter.

 

elsewhere in the club …..

 

Anglo-Dutch energy giant Royal Dutch Shell said Tuesday that first-quarter net profits leapt 25 percent to 4.58 billion pounds because of record-breaking crude oil prices.

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Exxon Mobil Corp’s first-quarter profit rose 17 percent from a year ago, as soaring crude oil prices helped the company reach its second-largest U.S. quarterly profit ever.

The Irving-based oil giant earned $10.89 billion, or $2.03 per share, for the quarter, compared with $9.28 billion, or $1.62 per share, a year ago. 

Revenue jumped to $116.85 billion from $87.22 billion last year.  

Exxon Mobil Reports $11B In Quarterly Profits

glug .....

Chevron Corp.'s first-quarter earnings echoed a theme set earlier this week by other international oil companies: soaring crude prices are pumping up profits to astronomical levels. 

Chevron reported a 9.6% rise in first-quarter net income as surging oil prices nearly doubled profits at its fossil fuels production business. 

The second-largest U.S. oil company by market value after Exxon Mobil Corp. was the third major oil company to beat analysts expectations this week, posting a net income of $5.17 billion. 

what’s a lazy $30 billion or so …..

highwaymen .....

Oil giant BP today unveils a massive 23 per cent rise in its profits.  

The soaring price of crude oil has given the company a record $13.44bn (£6.7bn) replacement cost profit during the first half of this year.  

In the same period last year, the figure was $10.93bn.