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04.08.26 - 08:42
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Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsProfits are surging at oil companies on the back of the spike in energy prices triggered by the war in the Middle East.BP is the latest to reveal its windfall earnings today: its second-quarter profit more than doubled in the second quarter of this year to $5.73bn compared with the same period a year argo, beating analyst expectations.They're making too much money based on a shortage. I don't like it.Chevron, too much money. ExxonMobil, too much money,. They're going to give some of that back to the public and they better cut the retail price, the consumer price.”7am BST: Flutter interim results, BP Q2, HSBC Q2, Metro Bank Q210am BST: Eurozone unemployment data9pm BST: SpaceX Q2 first earnings report since its record-breaking IPO Continue reading......
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