After two years of losses, bps set to reveal its 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. Im sally bundock. Bps expected to say its 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 giants 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 bps 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 sell off around 4. 5 billio
Bps shares rising nearly 3 on that news of a return to profit. Also in the programme. Well 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 worlds Biggest Energy companies, bp, has Just Announced its latest results for the First Quarter of 2017. And as expected its delivered much better news thanks to the rising price of oil and some effective restructuring. Using the oil giants 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 assets as part of a Gl
There are now very few global corporations that deny climate change. Senior executives have finally realized their future as profit-making enterprises depend on their ability to make money on a planet radically different from the one they knew as children. Their long-overdue enlightenment is the product of three decades of educational campaigns waged by civil […]
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