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Tuesday, July 29, 2008

BP Expected to Post Mammoth Profits

'BP is expected to post a mammoth 7.6 billion US dollars (£3.8 billion) in second-quarter profits as the corporate giant is buoyed by surging oil prices.
The profits - 38% ahead of the same period last year and equivalent to more than £1.7 million an hour - follow recent protests from hauliers over soaring costs as millions of motorists feel the forecourt pain.
The results are driven by the rocketing cost of crude oil over the period - finishing June at nearly 144 US dollars a barrel - but the bumper profits are unlikely to go down well.'

Thats $30,000,000,000 a year in profits!!!
They are taking the PISS!!!

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