British Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10%
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023.
BP Stock Tanked Over 5% Despite Company Beating Q1 2023 Profit Expectations
Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022.
Siemens Reported Impressive Q1 2023 Revenue, Raises Estimates
The impressive revenue and profit report by Siemens is proof that legacy companies are seeing a return to normalcy around the world.
Increased Call for Higher Taxation Rises as Energy Giants Rake in Billions in Profit
The humongous earnings from these oil giants have been criticized by a lot of activists including Amnesty International and Global Witness.
British Oil Giant BP Doubles Profit in Latest Prove of Oil Boom, Sees Biggest Profit in 114-year History
BP apparently saw significant growth across its top and bottom lines. The oil giant said its net debt in the fourth quarter was reduced from $30.6 billion to $21.4 billion.
BP Sees Quarterly Profits Q3 2022, Records Tenth Successive Quarter of Lower Net Debt
BP was able to exceed analysts’ expectations in its Q3 2022 profits due to high commodity prices.
Saudi Aramco Beats Revenue Expectations in Q3 2022 Earnings Report
By
Tolu Ajiboye
Middle Eastern oil giant Saudi Aramco projects oil demand to further rise following a commendable Q3 2022 report.
British Oil Giant BP Records Q2 2022 Revenue Jump on Rising Energy Bills
BP reported a profit of $9.3 billion, compared with a loss of $20.4 billion for the first quarter of 2022.
Saudi Aramco Posts Strong Net Profit for Q1 2022 amid Surge in Global Oil Prices
By
Tolu Ajiboye
Saudi Aramco says its Q1 2022 net profit increased 80%, aided by rising crude prices, higher volumes sold, and improved downstream margins.
BP Reports Bumper Profit in Q1 2022 but Russia Exit Pinches Hard
BP reported a headline loss of $20.4 billion for the Q1 2022 resulting from its exit from Russia.
BP Reports 8-Year High Profits for 2021 Due to Rebounding Oil and Gas Prices
Following significant losses in 2020, BP saw massive profits in 2021, recording an annual of $12.85 billion.
Oil Giant BP Increases Dividend in Q2 Report Earnings, Plans $1.4 Billion Buyback
By
Tolu Ajiboye
British oil company BP rakes in profit in recent quarterly earnings as oil market recovers from pressure exerted by the pandemic.
BP Stock Slightly Up, BP Q1 Earnings Beat Analysts Estimates as Company Prepares for Stock Buyback in Q2
During the first three months of the year, BP reported that its net debt fell by $5.6 billion to $33.3 billion. Notably, the company hit its target of reducing net debt to $35 billion.
BP Stock Down 4% in Pre-market, BP Records over $5B Loss in 2020
BP CEO said that with the mass rollout of the vaccine, his firm had a positive outlook for the coming year.
Stock with Upside Potential to Consider for Investment in 2021
By
John K. Kumi
BT Group (LON: BT.A), a British Telecom Company has been said to have 47.2% upside potential, and ABN Amro Bank NV (AMS: ABN), a Dutch bank has been said to have an upside potential of 50.6%.