BP has posted an underlying replacement cost profit decline of 20% on an annualised basis for the three months to end-March, though the figure beat forecasts and was 15% higher on the previous quarter. In a trading statement on Tuesday, the oil giant said profit for the last quarter came in at $2.6b
Read moreLONDON, April 28 (Reuters) - BP reported first-quarter profit of $2.58 billion on Tuesday, largely beating expectations, as a hefty increase in refining revenue offset a slump in oil production earnings. The company's first-quarter underlying replacement cost profit was expected to come in
Read moreBy Dmitry Zhdannikov and William James LONDON, April 27 (Reuters) - Britain's warning to potential suitors of BP is a sign of the oil major's vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer seems to be an option, banking and indu
Read moreLONDON, April 27 (Reuters) - Britain's largest energy supplier Centrica has made preparations in case it is approached with a takeover offer, the utility's chairman said at the company's annual shareholders' meeting in London. "Do we have, as a matter of just good governance, an approach to
Read moreBy John Kemp LONDON, April 27 (Reuters) - "Downing Street has discreetly let it be known in the City that it would oppose any takeover of BP," the Financial Times reported on Sunday. The prime minister's office has signalled it would make life difficult for any bidder, although no bid
Read more(Recasts lead, adds detail, background) By Yuka Obayashi and Rania El Gamal TOKYO/ABU DHABI, April 27 (Reuters) - Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40-year onshore oil concession in Abu Dhabi, joining France's Total in developing the United
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