Profits Tag

BP (LSE:BP) almost tripled its profits during the first quarter of the year, with a return in oil prices driving a better than expected return in its latest financial report. The British multinational oil giant reported profits on an underlying replacement cost basis of US$1.5 billion,...

PetroChina (NYSE:PTR), China’s biggest state-owned oil and gas firm, has announced plummeting net profits by almost 70 per cent for 2015. The major oil producer posted net profits of US$5.46 billion for last year, down from $16.44 billion in 2014. The state-owned company's profits suffered from both the...