High prices, increased production power BP to record earningsEarnings up 136%, upstream shows huge gains, refining margins recover Allen Baker Petroleum News Contributing Writer
High prices amid war worries brought record profits for BP PLC in the first quarter. Earnings increased 136 percent to $3.73 billion, up from $1.58 billion a year ago. The result also was also a major improvement from the London-based company’s $2.64 billion in profit for the fourth quarter.
All th....
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High prices, high profits Capital spending down Downstream recovery Chemical weakness continues
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