BP’s Chief Executive on the company’s ‘exceptional’ quarter

Sky News published this video item, entitled “BP’s Chief Executive on the company’s ‘exceptional’ quarter” – below is their description.

Bernard Looney, Chief Executive of BP, speaks to Ian King about the company’s ‘exceptional’ performance in the first quarter of the year with net earnings of $2.63 billion.

The news comes despite the past year has been one of the darkest in the history of the oil industry.

At one point, prices fell so low that the oil was worth less than the barrel used to store it in.

Sky News YouTube Channel

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About This Source - Sky News

Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.

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In This Story: BP

BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.

Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))

BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.

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