Oil giant hails ‘banner quarter’ as earnings reach $8.46bn, prompting anger from climate campaigners
BP’s profits have hit their highest level in almost two decades as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.
The energy company hailed a “banner quarter” on Friday, with its underlying replacement cost profit – a key measure of its income – almost quadrupling to $8.46bn (£6.3bn), from $2.2bn a year ago.
Big Hits looks at notable drill intercepts reported to the ASX this week, led by New Murchison Gold in WA, with runners-up Elk Range Mining in Idaho and WhiteRock Lithium in Quebec.
Big Hits looks at notable drill intercepts reported to the ASX this week, led by New Murchison Gold in WA, with runners-up Elk Range Mining in Idaho and WhiteRock Lithium in Quebec.
This week’s Bulls N’ Bears ASX Runner of the Week is… NGX Limited, soaring 92.9% on deals for seven Namibian gold licences covering more than 1300 square kilometres.
This week’s Bulls N’ Bears ASX Runner of the Week is… NGX Limited, soaring 92.9% on deals for seven Namibian gold licences covering more than 1300 square kilometres.
Raiz Invest’s funds under management grew 20.2 per cent to $2.4 billion in the September quarter, as younger investors drove customer growth and $69 million flowed onto its platform.
Raiz Invest’s funds under management grew 20.2 per cent to $2.4 billion in the September quarter, as younger investors drove customer growth and $69 million flowed onto its platform.
Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market.
Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn.
Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market.
Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn.
Surface sampling by Patriot Resources across a new target in Peru has hit up to 27.7g/t silver, just 2km from its existing 31.4 Moz silver-equivalent resource
Surface sampling by Patriot Resources across a new target in Peru has hit up to 27.7g/t silver, just 2km from its existing 31.4 Moz silver-equivalent resource
Forrestania Resources has inked a deal to buy up to 400,000 tonnes of gold ore from High-Tech Metals to feed its WA processing plants, bolstering its hub-and-spoke strategy.
Forrestania Resources has inked a deal to buy up to 400,000 tonnes of gold ore from High-Tech Metals to feed its WA processing plants, bolstering its hub-and-spoke strategy.
ASIC has confirmed it is investigating the aborted float of data centre start-up Firmus that would have been the largest ASX listing since Telstra in 1997.
ASIC has confirmed it is investigating the aborted float of data centre start-up Firmus that would have been the largest ASX listing since Telstra in 1997.
The FTC asked companies from Walmart to DoorDash for information about their pricing practices on Wednesday.
Michael Nagle/Bloomberg via Getty Images
The FTC wants information about how companies personalize prices.
The Commission said that it sent orders to companies from Uber to Walmart.
The orders ask about web use habits and other personal information.
The Federal Trade Commission is asking companies from food delivery services to airlines about how they use personalized prices.
The Commission said on Wednesday that it sent orders to the companies asking for details about what kind of personal information they use to determine prices. The orders target a wide range of companies, from retailers Walmart and Target to food delivery services Uber and DoorDash to airlines like Delta and United.
"Consumers deserve to know whether companies use their web surfing habits or other personal data to estimate the highest price they can charge each consumer," said FTC Chairman Andrew N. Ferguson.
"Workers also deserve to know if their compensation is affected by how companies use their personal data," Ferguson added.
Several companies pushed back against the FTC's claims.
"There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized offers based on personal data," a Delta spokesperson said.
"We do not use personal information to set prices, and we never will," Instacart said in a statement.
Walmart and Target previously said they would be transparent about their pricing strategies as more stores start using digital price tags.
A growing number of companies are using dynamic pricing to determine what customers pay for everything from concert tickets to jeans.
Some companies use similar methods to determine how much workers get paid. Uber presents its drivers with potential payouts that aren't based on a per-mile or per-minute rate, for instance, but instead consider factors such as demand.
The FTC's orders ask the companies to submit information about their pricing methodologies, including how they use AI, going back to January 1, 2023. It also asks for research that the companies have done on their pricing strategies, such as A/B tests.
The Commission is also seeking information about how the companies used similar technology to offer workers jobs, according to the orders.
Do you have a story idea about Uber, DoorDash, or Instacart? Contact this reporter at abitter@businessinsider.com or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Wesfarmers, which owns Bunnings, did not make itself one of Australia’s most successful companies by acting in haste. Its approach to AI is no different.
Wesfarmers, which owns Bunnings, did not make itself one of Australia’s most successful companies by acting in haste. Its approach to AI is no different.
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