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...