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
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