BP\n \n reported underlying profit of $5 billion for the first three months of the year. That’s down from $6.2 billion a year ago — after Russia’s invasion of Ukraine sent oil and gas prices soaring — but still almost double the $2.6 billion it reported for the first quarter of 2021. The result reflected an “exceptional” performance from its gas marketing and trading arm and a “very strong oil trading” performance, BP said in a statement.
It left its quarterly dividend unchanged from the fourth quarter. Notwithstanding Tuesday’s slide, BP’s shares are up more than 7% this year, helped by the company’s renewed investment drive into oil and gas — a move that has led it to water down some of its earlier climate commitments. BP still plans to be a net-zero emissions business by 2050, but it has backed away from a target to slash oil and gas production 40% from 2019 levels by 2030.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dallas Retailer Tuesday Morning is Going Out of Business; Liquidation Sales Coming SoonThe Dallas-based retailer has closed 265 stores since February, and the remaining 200 will start liquidation sales soon. Included are 59 stores in Texas.
Source: NBCDFW - 🏆 288. / 63 Read more »
Tuesday Morning Is Going Out of Business and Closing All StoresDiscount retailer Tuesday Morning is officially going out of business and closing all 200 of its remaining stores.
Source: BestLifeOnline - 🏆 533. / 51 Read more »
Dallas retailer Tuesday Morning holding huge going out of business saleOver the weekend, the home decor store announced it is closing all of its stores after 49 years in business.
Source: FOX4 - 🏆 289. / 63 Read more »
Texas-based Tuesday Morning going out of business, holding liquidation salesAnother home goods retailer is winding down operations after filing for bankruptcy — twice — and selling to a liquidation company. Dallas-based Tuesday Morning is going out of business following years of low sales and downsizing. It is closing its headquarters in North Dallas and all stores, including eight in the San Antonio area.
Source: ksatnews - 🏆 442. / 53 Read more »
Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessFederal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN.
Source: CNN - 🏆 4. / 95 Read more »
JPMorgan Chase to buy most First Republic assets after bank fails | CNN BusinessJPMorgan Chase is buying most assets of First Republic Bank after the nation's second largest bank failure ever, in a deal announced early Monday that protects the deposits of the lender's customers.
Source: CNN - 🏆 4. / 95 Read more »