Annual profits at BP have more than doubled in the space of a year - rocketing to £4.4bn in 2017 on the back of higher oil prices.
BP posted group underlying RC profit of USD6.17 billion for 2017, more than double 2016's USD2.59 billion, and ahead of company provided consensus of USD6.00 billion.
The blast killed 11 men off the coast of Louisiana and caused 134 million gallons (507 million litres) of oil to spew into Gulf waters, sparking the worst environmental catastrophe in USA history.
Bob Dudley, the group chief executive of BP, said: "This has been a really, really good year and it sets us off very well to enter into 2018". It marked the best year for production since 2010.
Annual output rose 12% to 2.47 million barrels per day after BP started work on 7 new oil and gas fields in 2017.
Operating cash flow for FY 2017, excluding Gulf of Mexico oil spill payments, was $24.1B vs. $17.6B in 2016; Gulf of Mexico oil spill payments totaled $5.2B vs. $6.9B a year ago. "And we did all this while maintaining safe and reliable operations", Dudley added.
"It is important for us, there is no doubt we will increase investments", Dudley, himself a USA citizen, said in an analyst call after BP reported a surge in profits in 2017.
Adjusted net income of $2.11 billion beat analysts' expectations of $1.95 billion.
BP also took a one-off charge of $900m to adjust to new USA tax rules, although it expected a long-term boost from the lowered corporate tax rates. Net debt fell to $37.8 billion at the end of the fourth quarter, down significantly from $39.8 billion in the preceding period.
BP maintained its fourth-quarter dividend at USD0.10 per share, the same as previous year.
BP began share buybacks in the fourth quarter, spending $343 million, fully offsetting the dilution from scrip dividends issued in the third quarter.
There's no guarantee that the cost of the Deepwater Horizon disaster won't rise again, but it will be entirely manageable from cash flow this year and next, Chief Financial Officer Brian Gilvary said by phone.
Hope made it clear that had Scott brought her along to fight, they definitely would not have gotten arrested afterwords. Chris McKenna and Erik Sommers, Rudd , Andrew Barrer and Gabriel Ferrari wrote the screenplay.
Jones will join NBC Olympics as a contributor for the Olympics next month in South Korea, NBC announced on Tuesday. Saturday Night Live funnywoman Leslie Jones , 50, will take her love for the Olympics to South Korea with NBC.
ADV now owns 4,939 shares of the software giant's stock worth $340,000 after purchasing an additional 23 shares during the period. The stock of Microsoft Corporation (NASDAQ: MSFT ) earned "Neutral" rating by Atlantic Securities on Thursday, November 10.
Jeune Afrique quotes Senegal's interior minister as saying he will ensure the safety of all conference attendees. French President appeared alongside superstar singer Rihanna for an education summit in Senegal today.
Those who can't make it to Barcelona will be able to watch the press event live on the company's website . The "we love photo" words also suggest that we might see a better camera on the new Zenfone 5 .
The Black Ops storyline started with Call of Duty: World at War , which takes place during World War II. We still don't know when an announcement will arrive, but we might know what the announcement will be.
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Coogler is that kid and this is his fairy tale-a fairy tale for other kids who rarely get them, and never like this. Jordan , Coogler's lucky charm, Erik is instantly likable, dangerously sexy, and capable of extraordinary violence.
The company announced on January the 31 that it has chose to provide a crypto exchange platform among other financial services. Japan is the first country to legalize cryptocurrencies and to regulate the activities of the cryptocurrency exchanges.
Mining computers like this one use specialized chips to run complex equations used to authenticate cryptocurrency transactions. Reports indicate that in December 2017, Samsung inked a deal with Russian based bitcoin miner, Baikal, to supply ASICs.
$560M Lottery Winner Made a 'Huge Mistake'
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Betting On Southwest Airlines Co. (NYSE:LUV) ?
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Eagles offer tickets to fan who feared missing Super Bowl
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Amelia Warner hasn't watched Fifty Shades movies
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EBay to ditch PayPal for Dutch processor Adyen; PayPal drops
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