Tag: Oil Producer

BP Quarterly Profits Jump 24 Percent in Fourth Quarter, Transformation Plans in Pipeline

February 8, 2022
BPBusiness & EconomyCompanieshigher oil pricesOil ProducerUSUS News
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Oil giant BP has reported a jump in its most recent quarterly profits amidst rising energy prices. The company also issued an update of its strategic transformation plan for the future. BP announced $4.1 billion in underlying replacement cost profit for Q4 2021 in a Feb. 8 press release. Compared to Q3’s profit of $3.3…

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Higher Natural Gas Prices to Drive Exxon Third-Quarter Earnings

October 2, 2021
Business & EconomyCompaniesCOVID-19Exxon Mobil Corp.MarketsOil Producer
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HOUSTON—Exxon Mobil Corp. signaled on Thursday that higher oil and gas prices would boost third-quarter earnings by as much as $1.5 billion over the second quarter. Natural gas prices in the United States have more than doubled this year and oil prices are up 52 percent as energy demand recovers from the COVID-19 pandemic. Exxon…

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