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BP quarterly profit hits record $10bn

Posted on 29 October 2008

From Guardian: BP was at the centre of a huge row yesterday after unveiling record quarterly profits of $10bn (£6.4bn) - a rise of 148%. Critics rounded on the oil company, accusing it of profiteering and renewing calls for a windfall tax.

However, City analysts hailed the results, which were about $2bn higher than expected, arguing they showed the impact of operational improvements within BP as well as a higher oil price….. Full Article: Source


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