Rising prices boost Shell and BP

BP to cut jobs after profits fall
BP will cut 5,000 jobs after reporting 'disappointing' profits as margins were squeezed and costs rose.

BP annual profits fall by a fifth
The oil giant BP reports a 22% decline in profits at the end of what has been a tough year for the company.

BP staff to get Russian permits
Senior British staff at TNK-BP will not have to leave Russia, after the migration service approves their work permits.

BP anger at Russian permit move
Foreign staff at BP's Russian joint venture could be forced out of the country after their visa requests were refused.

Sony Ericsson warns over profits
Mobile phone maker Sony Ericsson warns investors that its profits would be less than previously expected.