BP earnings shrink by 57%, as compared to ExxonMobil’s 68%Overall first quarter earnings dropped substantially, but BP still had profits of $1.58 billion; the LNG segment’s profits were up from 2001’s first period Allen Baker PNA Contributing Writer
First-quarter earnings were sharply lower at BP PLC, 57 percent lower than last year’s figure, in fact. But that still put BP well ahead of many big rivals in the competitive oil industry.
ExxonMobil earnings sank 68 percent, and ChevronTexaco profits dropped 70 percent. Among somewhat smaller compa....
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Refinery margins down 60 percent LNG group nets $111 million
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