Profit of BP doubled due to the price of crude oil
The British giant BP announced strong profit growth for first quarter, due to the price of oil last year. The company's profit for the period amounted to 5.6 billion dollars. For the same period last year profit was 2.4 billion dollars, and the last three months the success of BP amounted to 3.45 billion dollars. With a major contribution to the sound performance of the company's strong growth in oil prices. During the first three months of 2009 the price of black gold has averaged 41 dollars a barrel, but in the first quarter of this year was 76 dollars per barrel, Air Force forward. The companies engaged in petrol trading, just like Lukoil, are usually making high profits and their financial results were stimulated by high price of the crude oil. In comparison with them the Life Cover companies and Mortgage companies are realizing middle increases of their profits and positive financial results.
The company BP is having quality and very useful business management and the financial results were quite much expected.