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The US oil company ConocoPhillips reported that in the second quarter of 2018 it recorded a net profit of $1 billion 600 million dollars against a loss of 3 billion 400 million dollars for the same period last year. Profit without taking into account one-off factors was 1 dollar 9 cents per share, wwhile analysts had predicted 1 dollar 8 cents per share. ConocoPhillips reached a profitable level in the second quarter due to the growth in the price of oil sales. The company did not publish revenue figures for the previous quarter. Capitalization of ConocoPhillips has grown since the beginning of the year by almost a third to 82 billion 900 million dollars.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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