Re: BP Profits up 63%

On Wed, 30 Apr 2008 12:43:05 -0700, Pete L wrote:

On 30 Apr, 20:31, FriarTuck <n...@xxxxxxxxxxx> wrote:
Watch the cash amount zoom up faster than the litre amount on the
petrol pumps meters... the very rich are getting very much richer....

how jolly nice for them....

http://edition.cnn.com/2008/BUSINESS/04/29/britishpetroleum.profit.ap/

BP's first-quarter profit jumps 63 percent

LONDON, England (AP) -- BP has reported a 63 percent jump in profits in
the first quarter compared to the same period a year ago.

The oil company on Tuesday reported a profit of $7.6 billion compared
to $4.4 billion in the first quarter of 2007.

First-quarter profit was up 73 percent compared to the previous
quarter.

BP's closely watched replacement cost profit rose 48 percent to $6.59
billion. This compared to US$4.44 billion in the first quarter of 2007.

I doubt that BP makes all that much from selling petrol. When you think
of the govt grabbing (what is it?) about 75p a ltr in tax - they are the
villains you should be directing your rants to.

they make money from the oil, less from the petrol, but if there was not
demand for the petrol/diesel then there would not be the demand for the
oil.... its cyclical... they make money from the oil which is sold for
petrol... so they make money from the petrol already (on the oil)...
before they make money off the petrol as well.....

but yeah, the government rips off the driver big time...
.

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