Posts Tagged ‘BP’

BP unleashes cash bet that oil will stay high

LONDON • BP plc is gearing up to leave European competitors in the dust, at least when it comes to spending the industry’s enormous cash pile.
While ...

Oil majors’ big legal fear is averted — for now

LONDON • Oil companies have for now managed to avoid the legal liability of paying potentially billions of dollars for protection against the impact of ...

BP dodges oil-industry gloom as 4Q profit jumps with production

by BLOOMBERG
LONDON • BP plc dodged the disappointment that afflicted other oil-company earnings as it did a better job of exploiting the upswing in ...
Reliance

Reliance mulls India power storage with BP

MUMBAI • Reliance Industries Ltd, owned by India’s richest man Mukesh Ambani, is considering entering the power-storage business with its partner BP plc to ...
oil

Goldman: Who needs US$100 oil? Majors make more cash at US$50

SINGAPORE • Oil majors are raking in more cash now than they did in the heyday of US$100 (RM428.49) oil, according to Goldman Sachs Group Inc.
...
BP

BP breaks even in ‘tough environment’

LONDON • BP plc moved to calm investor concerns after debt rose to a record, saying lower oil-spill payments for the rest of the year and funds from asset ...