BP PLC posted a 16 percent rise in first-quarter net profits on Wednesday as gains from the sale of major assets to pay for the Gulf of Mexico oil spill outweighed the ongoing cost of that disaster.
asset salesAsset sales lift AIG's profit to $11.2 billionNewsvine - business Thu, 02/24/2011 - 16:08
Bailed-out insurer AIG is reporting a profit of $11.2 billion for the fourth quarter of 2010 from gains it made from selling and spinning off two of its life insurance units. BP May Be Preparing More Asset SalesDigg - Business & Finance Mon, 09/06/2010 - 18:18
Several media have reported that BP will increase its target for asset sales to as high as $40 billion. This almost certainly mean disposing of its aging oil field holdings in Prudhoe Bay, Alaska, which may be worth as much as $20 billion. Chevron sees stronger earnings in 3QNewsvine - business Fri, 10/09/2009 - 10:15
Chevron Corp. says it expects its third-quarter earnings to be significantly higher than the second quarter on higher crude oil prices and gains from asset sales and tax items. DealBook: Madoff’s Beach House Up for SaleNYT > Business Tue, 09/01/2009 - 08:48
This week, federal marshals are putting Bernard L. Madoff’s beach house on the market, in the first of a string of asset sales intended to raise funds for the investors he defrauded. |
