Arab Today, arab today bp net profits rocket 175 to 49 bln
Last Updated : GMT 16:05:44
Arab Today, arab today
Arab Today, arab today

BP: net profits rocket 175% to $4.9 bln

Arab Today, arab today

Arab Today, arab today BP: net profits rocket 175% to $4.9 bln

London - AFP

British energy giant BP said Tuesday that net profits rocketed by 175 percent in the third quarter of 2011, as it continued to recover from last year\'s devastating Gulf of Mexico oil spill disaster. BP added that it will seek to sell another $15 billion of non-core assets by the end of 2013, expanding its divestment programme as the group seeks to recoup its huge costs linked to the catastrophe. And the group said it had reached a \"definite turning point\" after a disastrous 2010. Earnings after taxation hit US$4.907 billion (3.52 billion euros) in the three months to September, BP said in a results statement, driven by a strong performance from exploration and production. That compared with $1.785 billion in the same part of last year. Production fell by 12 percent to 3.319 million barrels in the third quarter due to the suspension of production in the Gulf, though BP expects production to be higher in the current fourth quarter. BP, which was ravaged by last year\'s catastophic spill, added that net profits struck $17.65 billion in the nine months to September. That compared with a loss of $9.29 billion in the same portion of 2010. Adjusted profits -- stripping out the impact of changes in the value of inventories -- hit $5.14 billion in the third quarter, compared with $1.847 billion last time around. And on a nine-month comparison, adjusted profits hit $15.930 billion, which contrasted sharply with a loss of $9.528 billion last year. \"The financial picture for BP today is very different from a year ago,\" said BP Chief Executive Bob Dudley in an accompanying statement. \"We are today reporting replacement cost profits for the first nine months of this year of $15.9 billion, compared to a $9.5 billion loss for the same period in 2010, which was driven by the $40-billion charges we had taken with respect to Gulf of Mexico spill related costs.\" Dudley, who was under pressure after the collapse of an Arctic exploration deal with Russian state firm Rosneft, also unveiled an increase in BP\'s divestment programme from $30 billion to $45 billion.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp net profits rocket 175 to 49 bln Arab Today, arab today bp net profits rocket 175 to 49 bln

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bp net profits rocket 175 to 49 bln Arab Today, arab today bp net profits rocket 175 to 49 bln

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday