BP revels in higher oil prices

Earnings have more than doubled at British oil giant BP after a year which the CEO calls one of the strongest in recent history.

Photo: Aker BP ASA, Pressefoto

After almost eight years in what can be described as a state of emergency, British oil company BP presents an annual report today which is all but excellent.

The report shows that in 2017 BP earned USD 6.2 billion in underlying replacement profit, which is the accounting unit that analysts usually focus on in BP reports. This marks growth of 139 percent relative to 2016 where BP made USD 2.6 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

European Energy: Danish government runs risk of doing major harm to PtX

In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.

Further reading

Related articles

Latest News

See all jobs