Word: bp
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...just can't keep Big Oil down. Trouncing analysts' expectations Tuesday, BP and Royal Dutch Shell, Europe's largest oil companies, delivered record profits for the first quarter of 2008. Anglo-Dutch firm Shell netted $7.78 billion in the first three months of this year, up 12% over the same period in 2007. Profits at rival BP, meanwhile, swelled by almost half to $6.59 billion. Shares in each firm climbed almost 5% on the news...
...heart of that growth for both companies were bumper profits from exploration and production units. Those at Shell's climbed 52% to more than $5 billion, and BP's did even better. But given the surging price of a barrel of oil, both businesses must share the plaudits with the markets. A spiraling dollar and jitters over supply have helped drive oil prices up almost a quarter this year, reaching a fresh record of almost $120 on Monday. An end Tuesday to the two-day strike over pensions by refinery workers in Scotland - which had earlier halted much...
...That's good news for shareholders in the likes of BP and Shell. But results like these can rankle consumers caught up in a cooling economy as gas prices at the pump steadily rise. Little wonder that results like these aren't trumpeted these days, but rather carefully explained. Record profit announcements from major energy firms are nothing new; those inflated oil prices have triggered a string of them in recent months. But the slowdown currently underway in the U.K., for instance, "puts a bigger onus on these companies to explain lucidly what exactly that means," says Simon Webley, research...
...meetings throughout April and May, some 70 different institutional investors will be pushing to add an annual provision to let shareholders vote up or down on how companies pay their top five executives. Earlier this week, about 150 institutional investors and representatives from companies like Pfizer, Morgan Stanley, Dell, BP, Sara Lee, Fed Ex, Procter & Gamble and United Health gathered in New York for a roundtable on say-on-pay votes. Such votes wouldn't actually be binding, but they still might serve to pressure firms into behaving the way shareholders want them to, especially when it comes to linking...
...mandates and subsidies, and Brazil's filling stations no longer even offer plain gasoline. Worldwide investment in biofuels rose from $5 billion in 1995 to $38 billion in 2005 and is expected to top $100 billion by 2010, thanks to investors like Richard Branson and George Soros, GE and BP, Ford and Shell, Cargill and the Carlyle Group. Renewable fuels has become one of those motherhood-and-apple-pie catchphrases, as unobjectionable as the troops or the middle class...