Profits Pour in at BP; Chief Sets Exit
John Browne, the chief executive of BP, confirmed today that he would leave the giant oil company at the end of 2008, after reaching its mandatory retirement age of 60. At the same time, the company announced a profit of $7.27 billion in the second quarter, 30 percent more than the comparable period a year ago and the equivalent of more than $55,000 a minute.
$34.00 for less than 11 gallons yesterday. Mission accomplished.
