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British oil company BP in the second quarter increased the adjusted by cost of reserves replacement profits 3.2 times in annual terms to 1 billion 789 million dollars due to higher oil prices and increased production. According to the results of the first half of the year, the indicator grew 2.1 times and amounted to 4 billion 178 million dollars. The base profit for the second quarter grew 4 times to 2 billion 820 million dollars, for half a year - 2.5 times to 5 billion 408 million dollars. In the exploration and production segment, the base profit has reached a record $3 billion 510 million from 2014. The total volume of hydrocarbon production increased by 1.4% in the second quarter and by 5.2% in the first half of the year.
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
China’s industrial firms’ profits sank to the lowest in a decade, with mining, manufacturing, and power sectors all suffering from steep declines due to the coronavirus impact. Profits in the first two months of the year fell 38.3% ...
Boaz Weinstein's primary hedge fund Saba Capital Management LP disclosed a 33% gain in March amid a market severely affected by the coronavirus pandemic. The profits added its year to date gain up to 67%, a letter to its clients said. Saba’s ...
Tesla posted its one of the largest one-day gains, up by 20% on Monday trade after getting a lift from Panasonic’s quarterly profit report. The appointment of Elon Musk as the Chief Executive Officer made significant changes in the company’s ...
The Chinese industrial production profits were observed to be at its fastest growth pace in eight months in November. However, low domestic demand remains to be a problem to be solved by the sector next year. China’s profits in the industrial ...
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