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let s get down to business. we start with bp, as it s expected to reveal it made record profits in the second quarter. the rising price of oil has given the energy giant a significant boost. in fact bp chief executive, bernard looney, described the energy market last year as a cash machine. so let s take a look at its previous quarter, when bp made an operating profit of $8.2 billion. this, despite off loading its nearly 20% stake in russian controlled oil company rosneft. it also instigated a huge share buy back programme. last week, its rival shell reported second quarter profits of $11.5 billion, prompting a backlash in the uk with one trade union leader describing the soaring profits as an insult to households who are struggling with rising energy bills. let s talk this through, with andrew critchlow from s&p global commodity insights. hello to you, andrew. first of all, what are the numbers going to be like from bp? is it record breaking? i to be like from bp? is it re ....
Time tojoin sally time to join sally for World Business report. Can bp profit in a world awash with cheap oil . The Fossil Fuel Giant releases its latest results in the coming hours. We will have analysis. And downgraded toshiba is removed from tokyos main stock board because of its financial problems. Is the japanese giants future now in doubt . Hello and a very warm come. This is World Business report. I am sally bundock. The University Of California is using wi fi enabled drones to create a system of sd imaging which could potentially allow them to see through walls. We will have more on that in a moment. In the next few hours, bp, one of the Worlds Biggest Oil producers will release its lat ....
Will the next BP CEO convince me to buy more of this dividend stock? fool.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.co.uk Daily Mail and Mail on Sunday newspapers.