Rolling coverage of the latest economic and financial news
Boom! Britain’s FTSE 100 share index has hit a fresh alltime high at the start of trading in London.
The Footsie has extended its recent rally, jumping by 1.1% to hit 8303 points, a new intraday high.
Net income: $27.3bn (Q1 2023: $31.9bn)
Cash flow from operating activities: $33.6bn (Q1 2023: $39.6bn)
Free cash flow: $22.8bn (Q1 2023: $30.9bn)
The decrease was primarily a result of lower crude oil volumes sold, weakening refining and chemicals margins, and lower finance and other income.
This was partially offset by lower production royalties and an increase in crude oil prices compared to the same period last year.
Continue reading…Rolling coverage of the latest economic and financial news‘They’re everywhere’: Labour’s wooing of City goes into overdriveBoom! Britain’s FTSE 100 share index has hit a fresh alltime high at the start of trading in London.The Footsie has extended its recent rally, jumping by 1.1% to hit 8303 points, a new intraday high.Net income: $27.3bn (Q1 2023: $31.9bn)Cash flow from operating activities: $33.6bn (Q1 2023: $39.6bn)Free cash flow: $22.8bn (Q1 2023: $30.9bn)The decrease was primarily a result of lower crude oil volumes sold, weakening refining and chemicals margins, and lower finance and other income.This was partially offset by lower production royalties and an increase in crude oil prices compared to the same period last year. Continue reading…
