£18.1 Billion - SV650.org

03-02-09, 08:43 AM

BP have announced that for the last year they have made £18.1 Billion profit, up by about 39% on last year, if they can make that much profit why did they have to increase pump prices as much as they did, Ok i know a large portion goes to number 10 in tax but that same amount still goes there when prices are much lower, was it all down to the arabs hiking the price of oil, i don't think so, more like another case of the worldwide public being ripped off yet again.

G · 03-02-09, 08:46 AM

As much as it pain me to say it.............that business, you would not be in it if you couldnt make a profit from it.

They luckily have got into a business that the world has become reliant on.......so they can effectively charge what people will pay, and thats probably anything.

Black Gold

03-02-09, 09:00 AM

Oh not another stupid thread about company profits.

Your pension is tied up in stocks and shares. Considering the housing and financial markets have just come crashing down, companies like BP are one of the few investments that will give you have anything to retire on at all.

And of course what G said too.

Steve_God · 03-02-09, 09:19 AM

They'll only charge whatever people are willing to pay for it.
Only a few months ago people were still willing to pay £1.20+ a litre for it, so that's what they charged.

BigFootIsBlurry · 03-02-09, 09:35 AM

Quote:

Originally Posted by Flamin_Squirrel

Your pension is tied up in stocks and shares.
.

Mine isn't, final salary scheme FTW.

However, it is obscene that they can make that much money but at the end of the day if all the petroleum companies disappeared we'd all be screwed. Anyway, fuel is still cheaper per litre than Evian of Pepsi, even with the tax, and no one shouts about being ripped off for soft drinks. You can't tell me it costs more to bottle water than it does to refine oil.

03-02-09, 09:51 AM

Quote:

Originally Posted by BigFootIsBlurry

Mine isn't, final salary scheme FTW.

The way it's funded is probably the same way though

it just means your company has a bigger debt potential. If it gets too bad, they may not be able to pay, the scheme might collapse - I'm not sure what happens then...

03-02-09, 09:54 AM

ok they made that much, but what percentage is that profit of company turnover. yes it's a huge ammount of cash to make, but if it's only 2/3% then it's still a huge risk for the company to make fairly small (percentage) returns!

would you run a business for only a couple of % profit??

Mr Speirs · 03-02-09, 10:17 AM

Quote:

Originally Posted by BigFootIsBlurry

Anyway, fuel is still cheaper per litre than Evian of Pepsi, even with the tax, and no one shouts about being ripped off for soft drinks. You can't tell me it costs more to bottle water than it does to refine oil.

True but we don't need Pepsi in those quantities.

03-02-09, 10:19 AM

Quote:

Originally Posted by Mr Speirs

True but we don't need Pepsi in those quantities.

Speak for yourself.

G · 03-02-09, 10:21 AM

Quote:

Originally Posted by Mr Speirs

True but we don't need Pepsi in those quantities.

Thats why pepsi could never get away with charging over £1.20 a ltr and BP can.

03-02-09, 08:43 AM	#1
Foey Guest Posts: n/a	£18.1 Billion BP have announced that for the last year they have made £18.1 Billion profit, up by about 39% on last year, if they can make that much profit why did they have to increase pump prices as much as they did, Ok i know a large portion goes to number 10 in tax but that same amount still goes there when prices are much lower, was it all down to the arabs hiking the price of oil, i don't think so, more like another case of the worldwide public being ripped off yet again.

03-02-09, 08:46 AM	#2
G Member Mega Poster Join Date: Apr 2007 Posts: 3,770	Re: £18.1 Billion As much as it pain me to say it.............that business, you would not be in it if you couldnt make a profit from it. They luckily have got into a business that the world has become reliant on.......so they can effectively charge what people will pay, and thats probably anything. Black Gold __________________ 6.67300 × 10-11 m3 kg-1 s-2

03-02-09, 09:00 AM	#3
Flamin_Squirrel Guest Posts: n/a	Re: £18.1 Billion Oh not another stupid thread about company profits. Your pension is tied up in stocks and shares. Considering the housing and financial markets have just come crashing down, companies like BP are one of the few investments that will give you have anything to retire on at all. And of course what G said too.

03-02-09, 09:19 AM	#4
Steve_God Member Mega Poster Join Date: Apr 2006 Location: Mow Cop, Cheshire Posts: 1,214	Re: £18.1 Billion They'll only charge whatever people are willing to pay for it. Only a few months ago people were still willing to pay £1.20+ a litre for it, so that's what they charged. __________________ SV650s; K6; Metallic Euclase Silver; Fully Faired; Renegade Twin Exhaust Full System (Stubbied); Full ECU Remap; Fabri Tinted DB Screen; Hamicad Fender Eliminater; Bagster Seat/Suzuki Gel Seat; Fenda Extenda; HEL Braided Brake Hoses; R&G Crash Bungs; GSXR Front-end, Triumph Daytona 675 Front Brake Master Cylinder; RedFox Rear Hugger; BMC F.1 Air Filter; Top Box! *Coastal Tours*:Great Britain (for Cancer Research) - 3588.2 miles: Completed July 2007. Ireland - 1466 miles: Completed for July 2008

03-02-09, 09:54 AM	#7
malks Guest Posts: n/a	Re: £18.1 Billion ok they made that much, but what percentage is that profit of company turnover. yes it's a huge ammount of cash to make, but if it's only 2/3% then it's still a huge risk for the company to make fairly small (percentage) returns! would you run a business for only a couple of % profit??

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