Advanced Micro Devices stock rose in premarket trading Wednesday, and pulled other chip stocks higher despite the company's outlook falling short of expectations. Read More...
Reuters
BP joins rivals with bumper $8.2 billion profit
BP more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in reporting bumper profits that have sparked renewed calls for energy companies to pay more taxes. London-based BP follows the likes of Shell, Exxon Mobil and TotalEnergies, which also reported bumper profits last week, helping the sector to pay out a record $29 billion to shareholders. U.S. President Joe Biden on Monday called on major oil companies to stop “war profiteering”, threatening to hit them with higher taxes if they do not increase production.
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