British Petroleum
Article Abstract:
British Petroleum saw a rise in dividend of 60% for 2nd qtr 1995, and operating profit from chemicals rose to 502 million pounds sterling in this period. The company has benefited from strong prices for petroleum though gasoline stations and petroleum refining have been weak points. The company has reduced its debt to half previous levels. A profit of some 2.1 billion pounds sterling is forecast by Salomon Brothers for full-year 1995 despite the possibility of a peak having been reached for the companys' petrochemicals activities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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British Petroleum: buy
Article Abstract:
British Petroleum has undergone major changes since 1992, initially cuttig costs and then seeking to encourage growth. The company's return on capital has improved and new cost saving targets have been set. Borrowings have dropped. The company has started its growth phase and will increase production. The operating profit for 1st qtr 1997 set a record. Stockholders should benefit from a commitment to pay 50% of underlying profit improvements to stockholders.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Mobil
Article Abstract:
Mobil increased itsprofit for 1st qtr 1995 through the sale of real estate assets which also benefited from increasedsales of chemicals. Chemicals tend to be affected by business cycles and petroleum refiningmargins are still weak. US natural gas prices are low while refining and marketing profits fell. Arise in petroleum prices has, however, boosted earnings from production and exploration. Thereis concern that petrochemicals earnings may cease to grow.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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