Bp Profits Soar to ?42m a Day As the Oil Price Doubles ; Oil

Summary

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PROFITS have soared to a record [pounds]42 million a day at BP as record high oil prices sent underlying earnings at the British supermajor to a staggering [pounds]7.7 billion.

With consumers - motorists and householders - buckling under record petrol and home gas prices, BP shareholders are sharing in the windfalls, with dividends topping [pounds]2.5 billion this year so far, 33% higher than in the first half of 2007.

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Extract

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Bp Profits Soar to ?42m a Day As the Oil Price Doubles ; Oil

BP's underlying profits of $15.2 billion for the first half of the year represent growth of 53%. But thi...

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