after two years of losses, bp‘s set to reveal it s making profits again thanks to the rise in the price of oil. and, can the thrill of the auction room be recreated online? we investigate the digital challenges for the likes of christies and sotherbys. welcome to world business report. i m sally bundock. bp‘s expected to say it s been making a profit in recent months, drawing a line under years of painful cost cutting and transformation as it grappled with low oil prices. using the oil giant s preferred measure of underlying replacement cost profit, last year it made a loss of $2.6 billion a 55% fall on the year before. the shift in the price of oil on global markets was the main reason why the white line shows you the slide. it bottomed out at $27.88 a barrel injanuary 2016. the yellow line shows you bp‘s share price during that time and the effects of the two year slump in the oil market as well as the cost of the deepwater horizon disaster. this year bp plans to
bp s shares rising nearly 3% on that news of a return to profit. also in the programme. we ll be getting the inside track on. how you turn one massage and spa centre into an international business of beauty. as the head of the world bank forecasts a dramatic rise of robots in the workplace, we want to know what could it mean for yourjob. would you work with robots? maybe you do already. let us know. just use the hashtag #bbcbizlive. hello and welcome to business live. one of the world s biggest energy companies, bp, has just announced its latest results for the first quarter of 2017. and as expected it s delivered much better news thanks to the rising price of oil and some effective restructuring. using the oil giant s preferred measure of underlying replacement cost profit, the first quarter of the year came in at $1.1; billion, a healthy improvement on the $485 million loss it made the same quarter last year. this year bp plans to sell off around $4.5 billion worth of asset
As Japan's stock markets navigate mixed signals, with the Nikkei 225 showing modest gains amidst a strengthening yen and supportive services sector data, investors are keenly observing market dynamics. In this context, dividend stocks like Tohokushinsha Film offer a particular appeal due to their potential for providing steady income in an environment where economic indicators and central bank policies suggest cautious optimism.
Discover insights from the ET Road Safety & Safer Mobility Forum 2023, where industry leaders discussed AI-driven solutions, legislation, and need for education to elevate road safety in the oil and gas sector.
“Last year s volume marketed by us in the domestic market was around 83 MMSCMD which has gone up to 93 MMSCMD plus in the current financial year and we expect it to grow further. In terms of average volume supplied marketed by us last year was 94 and we expect that when we exit on 31st March, it will be around 100 MMSCMD.”