BP reported a surge in profit Tuesday, which followed similar windfalls for other major oil and gas firms last week
f you want an illustration of the political perils of making huge oil and gas profits in the UK, look no further than a £400 charitable donation from the boss of BP Plc.
Looney, whose salary this year is £1.4 million, has little need of the extra funds that will go to every household in the country. But the incident is nonetheless of prime importance for a company like BP. Analysts at Cornwall Insight said they expect a typical household’s energy bill to be well over £3,000 until at least the end of 2023, an unprecedented increase that would plunge millions into poverty.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newspaper headlines: Outrage over oil profits and hack delay to PM voteOil company profits and the ongoing Tory leadership campaign lead several of the papers.
Read more »
Saudi Arabia’s Economy Grows 12% In Q2 On High Oil Prices | OilPrice.comSaudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited by Reuters.
Read more »
Shale patch pioneer Chesapeake to ditch oil in favour of natural gas\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Shale patch pioneer Chesapeake to ditch oil in favour of natural gas\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Oil Dips Amid Renewed Demand Concerns | OilPrice.comOil prices plunged by 4% at the start of August as the market digested weak economic figures from China, the world’s largest crude oil importer
Read more »
BP reports highest quarterly profit in 14 years\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »