Caltex tips profit rise on wider refiner margins

Net profit "on a replacement cost" basis was expected between $290 million and $310 million in the first half.

Fuel supplier Caltex Australia says it expects underlying half-yearly net profit to rise as much as 22 per cent as it benefits from higher refiner margins and bigger volumes of premium diesel sales.

Seven years after oil spill, BP's rating lifted

A pelican mired in oil from BP's Gulf of Mexico spill.

The agency bumped up the oil giant's rating one notch, citing a strong performance despite oil price volatility and greater fiscal clarity following its $26.5 billion settlement of the deadly 2010 Gulf of Mexico spill.