BP reveals sharp rise in profits

BP will report a sharp jump in profits today, although the figure is unlikely to top the record set by rival Royal Dutch Shell last week.

BP reveals sharp rise in profits
Tue, 07 Feb, 2006 - 07:11

BP will report a sharp jump in profits today, although the figure is unlikely to top the record set by rival Royal Dutch Shell last week.

Analysts have forecast pre-tax profits of $5.6bn (€4.6bn) for BP’s fourth quarter, taking annual earnings to $21.7bn (€18.1bn) - or £1.4m (€2m) an hour.

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