BP's latest financial report released on the 22nd showed that its profit in the second quarter of this year reached US$9.3 billion, its highest single-quarter profit in 14 years, nearly three times that of the same period last year.
British Petroleum's single-quarter net profit hit a new high, just as the situation in Ukraine roiled the global energy market. A few days ago, the U.S. company Exxon Mobil announced a second-quarter net profit of US$17.9 billion, nearly four times the second-quarter figure last year.
This is a file photo of the BP logo taken in Windsor, England on April 21, 2020.
The US " Washington Post " reported on the 2nd that the total profits of the above-mentioned five energy companies in the second quarter exceeded 55 billion US dollars.
Looking forward to the third quarter performance prospects, BP predicted on the 2nd that oil prices will remain high in view of the continued poor supply of Russian oil, insufficient global spare capacity and inventories significantly lower than the five-year average.
On July 13, pedestrians walked past a gas station in Millbrae, California, USA. Data released by the U.S. Department of Labor on the 13th showed that the U.S. Consumer Price Index (CPI) rose by 1.3% month-on-month in June this year and 9.1% year-on-year, much higher than market expectations. Xinhua News Agency (photo by Li Jianguo)
Reuters reported that despite the U.S. government’s repeated calls to increase crude oil production, the Organization of the Petroleum Exporting Countries ( OPEC ) headed by Saudi Arabia and the coordination mechanism of non-OPEC oil-producing countries "OPEC" headed by Russia +" Consider keeping crude oil production unchanged in September. However, multiple sources said last week that the "OPEC+" ministerial meeting scheduled to be held on the 3rd may discuss the possibility of a small increase in production.
British Petroleum also warned that as Russia reduces its natural gas supply to Europe in response to Western sanctions on Russia, natural gas prices will continue to fluctuate at high levels.
British Petroleum said the natural gas market prospects are "highly dependent on Russian pipeline transportation."
This is the entry point of the "Friendship" oil pipeline connecting Hungary and Russia, taken at the Danube Refinery in Sazhaulon, Hungary, on May 24. Xinhua News Agency (Photo by Ferti Otilo)
Gazprom recently reduced the gas transmission volume of the " Nord Stream-1" pipeline to Europe to one-fifth of its full capacity. The reason is that the pipeline Part needs repair. As a measure to impose sanctions on Russia, the European Union plans to reduce Russian natural gas imports by approximately 100 billion cubic meters by the end of this year, a decrease of nearly two-thirds.
Agence France-Presse reported that the British government proposed in May to impose a " windfall profit tax " on BP and its peer companies in order to raise funds for the British government's plan to alleviate inflation. British consumers have recently faced a "cost of living crisis" due to rising electricity, gas and other energy prices, putting the government under pressure.
Data released by the British Office for National Statistics show that the British Consumer Price Index (CPI) rose by 9.4% year-on-year in June, hitting a 40-year high.
source Xinhua News Agency
editor Gao Chenchen
process editor Liu Weili
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