in this issue
World News and Views :: Top of the News
BP's first-quarter petchem profits fall 7.5%
9:11 AM MDT | April 30, 2013 | Francinia Protti-Alvarez
BP's petrochemicals business, including lubricants, delivered an underlying replacement cost (RC) profit before interest and taxes of $404 million in the first quarter of this year compared with the $437 million recorded in the same period of 2012—a drop of 7.5%, the company announced today. Sales were not disclosed. Lubricant earnings represent about 85% of the $404 million, or $345 million, and are more than 6% ahead of the $325 million recorded during the first quarter of last year. The lubricant result reflects a robust performance supported by higher...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee