Oil giant BP posts near 50% drop in Q3 profits November 2, 2016 - 15:09 AMT PanARMENIAN.Net - Oil giant BP has reported a near 50% fall in third-quarter profits from last year as the sector continues to struggle with low prices, BBC News reports. The company made $933m on an underlying replacement cost basis, compared with $1.8bn a year earlier. BP blamed falling oil prices for its fall, saying it was affected by a "weaker price and margin environment". Rival oil company Royal Dutch Shell also warned over oil prices, although its profits rose by 18% from last year. The company reported better-than-expected third-quarter profits of $2.8bn. Related links:   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Related sections Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
