( ) -q-26- UNDATED (Correspondent Jeremy House) “U-S based ExxonMobil.” Energy giant BP says it earned nearly $2.6 billion in the second quarter. [CutID: <Cuts> BP-PROFITS-house-q-TUEam.mp3 Time: 26s Title: BP-PROFITS-house-q-TUEam Out-cue: US-based ExxonMobil] TAG: Correspondent Jeremy House reporting. Energy costs have driven inflation worldwide, stirring outcry as households and businesses faced skyrocketing electricity and heating […]
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BP profits are cut in half to $2.6 billion as oil and natural gas prices fall
( ) -q-26- UNDATED (Correspondent Jeremy House) “U-S based ExxonMobil.”
Energy giant BP says it earned nearly $2.6 billion in the second quarter.
[CutID: <Cuts> BP-PROFITS-house-q-TUEam.mp3
Time: 26s
Title: BP-PROFITS-house-q-TUEam
Out-cue: US-based ExxonMobil]
TAG: Correspondent Jeremy House reporting. Energy costs have driven inflation worldwide, stirring outcry as households and businesses faced skyrocketing electricity and heating bills while energy companies’ profits skyrocketed.
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VERBATIM: That’s almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia’s invasion of Ukraine have fallen. BP says underlying replacement cost profit was down nearly 70% from the April-to-June period a year ago. It’s the latest oil and gas major to see profits fall from record highs last year, following British rival Shell, France’s TotalEnergies and U.S.-based ExxonMobil.