SUBSCRIBERS
BP back in the black in Q1 on higher oil prices
Published Tue, May 2, 2017 · 09:50 PM
London
BRITISH oil giant BP rebounded back into net profit in the first quarter, energised by deep cost-cutting and rising crude prices, the group revealed on Tuesday.
Earnings after tax stood at US$1.45 billion in the first three months of 2017, which contrasted with a net loss of US$583 million during the first quarter of 2016.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention