BP's Petchem Profits Plummet Due to Challenging Environment

BP says its petrochemical business generated profits before interest and taxes (Ebit) of $112 million, on a replacement cost basis, in the first quarter of 2012. This is a 78% decrease compared with $519 million reported in the same quarter of 2011. BP says the decreased Ebit of its petchem business reflects a challenging margin environment. There was, however, an increase in volumes in first-quarter 2012 compared with the low levels of the fourth quarter of 2011 because of improved demand and higher availability, the company...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers