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BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

let's get down to business. we start with bp, as it's expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let's take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off—loading its nearly 20% stake in russian—controlled oil company rosneft. it also instigated a huge share buy—back programme. last week, its rival shell reported second quarter pro...

BBCNEWS World Business Report June 4, 2024 04:33:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:33:00

Is making currently? yeah, it is making currently? yeah, it is a very _ is making currently? yeah, it is a very good _ is making currently? yeah, it is a very good question - is making currently? yeah, it is a very good question and l is making currently? yeah, it i is a very good question and one of the things that has put pressure on prices currently is the lack of investment in infrastructure and this of course just isn't international oil companies like bp or shell or different businesses, this is national oil companies, and you have to remember they control the bulk of production and capa...