This morning.
Meanwhile..
Um.
This morning.
Jdawgs writes:
Can anybody make my head get around this. Both these stories are from today, from the FT and Sky News. Before I go full “Gemma” can somebody explain…You can still have highest quarterly earning even though you have the biggest loss?
Anyone?
BP slumps to $20.4bn loss as it books cost of Russia exit but oil and gas profits soar (Sky News)
BP reports highest quarterly earnings in more than 10 years (FT)
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”BP’s bottom line loss was driven by a $24bn non-cash writedown of its 19.75% stake in oil giant Rosneft and two other joint ventures following the company’s decision to exit Russia in February.”
That’s it in a nutshell, they’ve written off a huge loss, while making massive profits on sales.
A good windfall tax on all energy companies are in order
For thanks to a war they are creaming in the profits
It should be based on the difference between what was charged before the war and what’s being charged now
The money ring fenced to cover the price gouging going on now and returned to the general population by means of tax credit
Anyone notice that €200 per household given to households in a credit is also being taxed at 13.5% VAT
then of course your usage is being €200 every household is paying a double Irish of 27% of that €200 then on the non credit part of your account 13.5%
I mean if you read both stories instead of the headlines you should be able to understand ….
assets are down, money is up
assets are down,
money is up.
Thanks to the oil
The planet is fupped…
and also has very useful plastics and other modern wonderments, but I could get all that in a keep a rhyme going….
BP is a big, big company.
BP sells oil.
BP owns some smaller Russian companies.
BP made extra money in selling oil.
BP lost money in share of Russian companies.