Not Only Petrobras and Shell Had Record Profits: BP, British Oil Giant, Also Achieved Its Highest Billion-Dollar Returns in 14 Years With the Surge in Oil Prices; Check Out the Figures!

BP Is One of the Multinationals That Came Out Favorable With the Rise in Commodities and the War Between Russia and Ukraine. However, According to Analysts, the Rise in Oil Is Near the End Due to Global Stagnation, Which Is Expected to Reduce GDP Growths, Including in Brazil. These Companies May Lose Their Cash Privileges, Including Petrobras, Which Announced Last Friday, July 29, a New Reduction in Fuel Prices. 

The British Oil Giant, BP, Announced That It Had One of Its Largest Profits in the Last 14 Years With the New High of Brent Oil After the War Between Ukraine and Russia. The Institution Is Competing Directly With Petrobras, Which Had a Cash Return of R$ 53 Billion in the Last Quarter. According to the Revealed Balance, the Multinational’s Return Was Over US$ 8.5 Billion, Which Is Equivalent to More Than R$ 40 Billion in Direct Conversion to the Real.  After the Results, Stock Markets Around the World Fell, Especially in China, Which Lost at Least 2% of Trading This Tuesday, August 2. 

The Result Was Triggered Amid an Intense Increase in the Value of Gasoline and Diesel Due to International Conflicts Involving the War Between Russia and Ukraine. Last Week, Shell Also Revealed Its Profits, Also Presenting Record Values for Shareholders. 

According to CNN, Operators Passed On the Increases in Oil Prices to Consumers by More Than 100% and Thus Managed to “Get By” and Avoid Losses Even Amid a Crisis in Oil and Lack of Supply from the Russians. As a Means to Control Prices, the United States, Led by Joe Biden, Announced That It Was Interested in Resuming Negotiations with the Venezuelans, Thus Allowing the Country to Pay Its External Debts to Americans and Europeans. 

Profit at BP: What Is Causing the Surge in Oil Prices? 

According to a Survey Conducted by Seu Dinheiro and Shared by Click Oil and Gas, It Is Estimated That Oil Drops Have Occurred in Five of the Last Six Economic Seasons. And, in the Coming Weeks, It Is Likely That Variations Will Continue to Happen Significantly, Causing Commodities to Plummet, Harming Companies Like BP.

The Increase in Oil and Gas Causes Inflation to Soar Worldwide, As Freight Costs Rise and Are Passed On to Consumers Through Product Prices. Transport and Logistics Companies Have Already Announced That They Will End the Year in Brazil With Inflation Above 10% That Will Not Be Passed On to End Consumers. 

In Brazil, the Price of Gasoline Has Been Controlled and, in Santa Catarina (SC), It Reached About R$ 5.4 in Some Cities, Such as Nova Trento. However, the Price on the Coast Is Still More Expensive, Being Around R$ 5.9, Even in Neighboring Coastal Cities, Like Brusque. 

Bolsonaro Claims That He Cannot Intervene in the Prices Practiced by Petrobras and That It Is Up to the State Company to Be Conscious About the Economy of Brazilians and Lower the Prices Charged. In an Election Climate in Brazil to Determine Who Will Manage the Country for the Next 4 Years, the Company Announced It Would Be Reducing Prices by Another Fifteen Cents Directly from the Refineries.