Big Oil Keeps Footsie in Black Despite Thin Trade

Evening Standard - London › April 29, 2008

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Summary

THE soaring oil price was helping to lubricate the inner workings of the stock market today. In fact, shares of the big oil companies accounted for five of the top 10 best performers in the Footsie 100 index following those record, better-than-expected first-quarter profits from Royal Dutch Shell and BP.

Shares of Royal Dutch Shell "B" led the way with a rise of 120p to 2043p, while its "A" shares put on 114p at 2055p.

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Extract

Big Oil Keeps Footsie in Black Despite Thin Trade

BP was another winner, with a rise of 33p to 611 1 / 2 p. The spending spree also spilled over into BG Group, up 34p at 1332p, ahead of what are expected to be bumper first-...

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