Tag: profit

BUSINESS

BP Sees Mammoth Increase In Profit

BP plc, the British oil and gas company has seen its profits for the first quarter of this year more than doubled after oil and gas prices soared. The energy company reported an underlying profit of $6.2 billion compared to $2.6 billion in the same period last year. BP said the increase was ahead of expectations and due in part […]

BUSINESS

Shell Sees Record High Quarterly Profits

Energy company Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13 billion in the first three months of the year, nearly triple the $2.2 billion profit it announced for the same period last year. But the firm said pulling out of Russian oil and gas due to the Ukraine […]