Page 3 - Bp
Higher oil prices and output help BP triple its profit
Oil prices rose by 50% in the past year to around $54 a barrel in the first quarter
 "Higher oil prices and output help BP triple its profit")
BP buys Australian petrol pump network for $1.3bn
BP already owns 350 retail locations across Australia
 "BP buys Australian petrol pump network for $1.3bn")
BP beats quarterly earnings estimates, trims spending again
Oil prices are now trading at around $49 a barrel, meaning BP is banking on a slight rise in prices going into next year
 "BP beats quarterly earnings estimates, trims spending again")
BP seeks buyers for China petchem JV stake in up to $3 bn deal: Sources
Its single largest investment in China that would fetch $2-3 billion
 "BP seeks buyers for China petchem JV stake in up to $3 bn deal: Sources")
BP misses quarterly profit expectations, cuts investment again
Prompting another cut to its 2016 investment budget to below $17 billion
BP to go ahead with $8 billion Indonesia LNG project expansion
In May BP cut its budget for the project to $8-10 billion from $12 billion
 "BP to go ahead with $8 billion Indonesia LNG project expansion")
Viking connection
BP wisely chooses growth over control in Norway
BP sells 11.5% stake in Castrol India subsidiary
The company said there will be no impact from this financial transaction on staff or customers of Castrol India or its existing contracts
BP eyes more spending cuts after 80% profit drop
The British oil company lowered its 2016 spending target to $17 billion
 "BP eyes more spending cuts after 80% profit drop")
US court signs BP's $20 bn oil spill settlement
The money is to be paid out over roughly 16 years
 "US court signs BP's $20 bn oil spill settlement")
BP to end sponsorship of Tate museums
Last month, BP reported a $6.5 billion loss for 2015
