BP Makes Record Profit as Safety Record Comes Under Spotlight Again

"BP made a record pre-tax profit in the first quarter of double its $9bn for the same period in 2012, the company announced on Tuesday, as a Norwegian regulator rebuked the company for a 2012 oil spill in the North Sea."

"The company's pre-tax profit was nearly $20bn in the first quarter of 2013 on a turnover of $107bn.

BP was censured on Monday by Norway's Petroleum Safety Authority after a leak at a major North Sea platform. The watchdog accused BP of poor maintenance and "serious breaches of regulations". The criticism is another blot on the company's safety record and is the second such censure in the last two years."

Fiona Harvey reports for the Guardian April 30, 2013.


"Deepwater Horizon Damages Weigh On BP's Profits" (Huffington Post)

"Chevron Profit Down 4.5 Percent on Lower Oil Prices" (AP)

"Exxon Mobil’s Profit Is Flat" (New York Times)

"Exxon Earnings Rise on Chemicals and Lower Taxes Despite Drop in Production, Revenue" (Global Post)

"Exxon Quarterly Profit Up Slightly" (Reuters)

"Exxon's Earnings Highlight Worrying Trend Among Oil Majors" (Motley Fool)

"Total Profit Drops 7% on Lower Oil Price as Production Falls" (Bloomberg)

Source: Guardian, 04/30/2013