BP annual/quarterly gross profit history and growth rate from 2010 to 2022. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.
BP gross profit for the quarter ending March 31, 2022 was $15.932B, a 16.08% increase year-over-year.
BP gross profit for the twelve months ending March 31, 2022 was $46.328B, a 23.3% increase year-over-year.
BP annual gross profit for 2021 was $44.121B, a 56.42% increase from 2020.
BP annual gross profit for 2020 was $28.207B, a 43.11% decline from 2019.
BP annual gross profit for 2019 was $49.582B, a 0.53% increase from 2018.
https://www.macrotrends.net/stocks/charts/BP/bp/gross-profit#:~:text=1%20BP%20gross%20profit%20for%20the%20quarter%20ending,a%2056.42%25%20increase%20from%202020.%20More%20items...%20
Shell reports a record $9.1 billion profit.
Shell, Europe’s largest energy company, reported on Thursday its biggest-ever quarterly profit, reflecting high prices for oil and natural gas spurred by the war in Ukraine and tightness in world energy markets.
The company’s adjusted earnings of $9.1 billion for the January-to-March period were almost triple the $3.2 billion it earned a year earlier.
Shell also said it would increase the pace of share buybacks in the second quarter, to $4.5 billion from $4 billion in the first quarter, and raise the dividend by 4 percent, to 25 cents per share.
https://www.nytimes.com/2022/05/05/business/shell-earnings-record-profit.html
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Politics
House passes bill to crack down on alleged gas price gouging
By Ellis Kim
May 19, 2022 / 6:35 PM / CBS News
The House of Representatives passed a bill along party lines Thursday that seeks to lower gas prices by cracking down on alleged price gouging by energy companies.
The House vote was 217-207: no Republican supported the bill, suggesting it's likely headed for failure in the Senate.
The Consumer Fuel Price Gouging Prevention Act would grant the president authority to issue emergency energy proclamations and make it illegal to increase gas and energy prices in excessive and exploitative ways. It would also expand the Federal Trade Commission's power to investigate and address possible price gouging by oil and gas companies.
https://www.cbsnews.com/news/house-gas-price-gouging-bill/
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