BP Eclipses Shell as Europe’s Top Oil Company

January 13, 2010 /EIN PRESSWIRE/ BP Energy has surpassed Dutch Royal Shell as Europe’s number-one oil company in terms of market value for the first time in more than three years.

Stock of BP reached a 20-month high and is looking to edge even higher as the company’s two-year-old turnaround program seems to be bearing fruit. In that time, BP has reversed a decline in output and doubled its cost-savings target. Shell, for its part, is currently taking similar measures to reduce spending and cut jobs.

For all the latest news on Dutch Royal Shell and British Petroleum, turn to EIN News and its company reports on the oil giants:

Shell Energy Daily Report – http://shell.einnews.com
BP Energy Daily Report – http://bpenergy.einnews.com

Shell Energy Daily Report and BP Energy Daily Report are services of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest energy news from around the world, saving them valuable time they’d spend searching for information. New users to Shell Energy Daily Report and BP Energy Daily Report can enjoy a no-obligation, one-week free trial.

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