BP says profit slides 26% in first quarter

BP says profit slides 26% in first quarter

AAP BP says first-quarter profit fell 26 per cent after the sharp drop in oil prices. The company said on Tuesday that net income for the quarter was $US2.6 billion ($A3.31 billion), compared with $US3.5 billion in the same period last year.

Australian Markets

 

Company Finances

  • China now has more vineyard land than France, wine body says Associated Press - 1 hour 30 minutes ago

    China now boasts more land dedicated to wine-making vineyards than France, but France has beaten out Italy to regain the title of world's No. 1 wine producer. This is according to figures released Monday ...

  • FATBOY SHOWS ITS STUFF WITH SOME SLEEK NEW TECH DUDS GlobeNewswire - 2 hours 8 minutes ago

    DALLAS -- Fatboy(R) USA, the lifestyle brand that continues to "delete dull" by adding creativity and function to modern home and work environments, launched a brand new website targeted to create ...

  • CORRECTION: Renesas Electronics Reports Financial Results for the Year Ended March 31, 2014 Business Wire - 2 hours 17 minutes ago

    TOKYO--(BUSINESSWIRE)-- Renesas Electronics Corporation (TSE: 6723), a premiere supplier of advanced semiconductor solutions, today announced a correction of its May 9, 2014 press release entitled “Renesas ...

  • Honda's profit drops on air bag recall woes despite weak yen Associated Press - 2 hours 21 minutes ago
    Honda's profit drops on air bag recall woes despite weak yen

    Honda's profit for the fiscal fourth quarter dropped 43 percent as the costs of air bag recalls offset the positives of a weak yen and strong vehicle sales in Asia. Honda Motor Co. reported Tuesday a profit ...

  • Kabam and Longtu Games Announce Strategic Agreement to Launch Marvel Contest of Champions in China Business Wire - 4 hours ago

    SAN FRANCISCO--(BUSINESSWIRE)-- Kabam, a world leader in AAA mobile free-to-play games, and Longtu Games, China’s leading web and mobile games developer and publisher, today announced a strategic agreement for Longtu to distribute Kabam’s hit game Marvel Contest of Champions in China later this year. Marvel Contest of Champions will be Kabam’s first game developed for the West and published in China.

  • Panasonic says annual profit soared 49% to $1.5 bn AFP - 11 hours ago
    Panasonic says annual profit soared 49% to $1.5 bn

    Japanese electronics giant Panasonic said Tuesday that its annual profit soared 49 percent, strong results at its lesser-known auto parts unit and lower costs linked to a sweeping restructuring boosted its bottom line. The upbeat figures underscore how Panasonic's shift to focus on lesser-known businesses, including an energy and auto division, has helped its finances, and made it a standout as rivals Sony and Sharp continue to struggle. Panasonic's auto division makes various products found in vehicles, including electrical components and car navigation systems. For the current fiscal year, which started this month, Panasonic said it expects a 180 billion yen net profit on revenue of 8.0 trillion yen.

  • MSA Safety misses Street 1Q forecasts Associated Press - 11 hours ago

    On a per-share basis, the Cranberry Township, Pennsylvania-based company said it had net income of 26 cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share. The results fell short ...

  • Final Glance: Beverages companies Associated Press - 12 hours ago

    Shares of some top beverages companies were mixed at the close of trading: Anheuser-Busch Inbev ADR rose $1.12 or .9 percent, to $124.84. Coca-Cola Co. fell $.06 or .1 percent, to $40.83. Dr Pepper Snapple ...

  • Final Glance: Food companies Associated Press - 12 hours ago

    Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. fell $.17 or .5 percent, to $37.35. General Mills Inc. fell $.33 or .6 percent, to $56.05. Hormel Foods Corp. fell ...

  • Final Glance: Tools and Appliances companies Associated Press - 12 hours ago

    Shares of some top tools and appliances companies were mixed at the close of trading: General Electric Co. rose $.08 or .3 percent, to $26.88. Snap-On fell $.87 or .6 percent, to $153.06. Stanley Works ...