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    Repiglican Roast

    A spirited discussion of public policy and current issues

    Name:
    Location: The mouth of being

    I'm furious about my squandered nation.

    Wednesday, July 26, 2006

    BP Reports $7.3 Billion Profit in 2nd Quarter

    LONDON (AP) -- Oil company BP PLC said Tuesday net profit rose 30 percent in the second quarter, as soaring world oil prices counterbalanced lower oil and gas output. Chief Executive John Browne also announced that he would step down at the end of 2008.

    BP, one of the world's largest oil companies, posted a net profit of $7.3 billion for the three months ended June 30, up from $5.6 billion a year earlier. Revenue rose 24 percent to $73.5 billion from $59.3 billion.

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