Stock futures are higher amid a flurry of earnings reports after the Dow closed at a record high yesterday; Palantir shares are soaring after the software maker's quarterly results topped Wall Street estimates; SpaceX is scheduled to release its first earnings report as a pubic company after the closing bell; chipmaker Advanced Micro Devices is also set to release results this afternoon; and a ...
BP stock was edging higher after the British oil major reported a surge in its second-quarter profit, just a day after President Donald Trump slammed rivals Chevron and ExxonMobil for making too much money.
BP PLC's (LSE:BP.) bumper second-quarter profit has given new chief executive Meg O'Neill an early opportunity to accelerate debt reduction, analysts said after Tuesday's results, although ongoing issues and criticism from Donald Trump and UK political groups underline that the road ahead for the shares will be far from smooth.
Britain's BP reported a more than doubling of its profit on Tuesday as oil giants reap the rewards of soaring energy prices amid the war in Iran.
BP PLC (LSE:BP.) more than doubled second-quarter profits as higher oil and gas prices and stronger refining margins offset lower production and increased exploration write-offs.
Its oil-trading unit delivered bumper profits again after conflict in the Middle East continued to drive turbulence in energy markets.
BP on Tuesday posted a second-quarter underlying replacement cost profit, its version of net income, of $5.73 billion, more than double that of a year ago and above expectations in a company-provided poll of analysts.