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Profit of BP, a British oil company, exceeded market forecasts in Q4 2018. Net profit of the corporation was $2.717 billion against a loss of $583 million over the earnings period last year. Experts had predicted a figure of $2.63 billion. Profit after deduction of one-off factors increased by 65% to $3.48 billion compared to $2.11 billion in 2017. BP increased revenues by 9.8% to $76.89 billion. In the exploration and production segment, profits rose to $3.89 billion from $2.22 billion last year. The amount of profit in the downstream segment exceeded $2 billion compared to $1.47 billion. Profit size for the entire 2018 almost doubled to $12.7 billion. At the same time, revenue grew by a quarter to $303.74 billion. BP decided to sell its assets in the amount of $10 billion in the next two years. Компания нарастила объем добычи углеводородов на 3% в 2018 году до максимального за 8 лет р
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, ...
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 ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
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