news bulletin – answers

BP and Shell post big profits

true/false

1. The oil giants are keeping a low profile. F: making a lot of money (raking it in)
2. BP announced $6.6 billion earnings. T
3. The companies have encountered obstacles. F: They have bumper profits (large)
4. Oil prices have averaged 100 dollars a barrel for the past year. F: the past quarter
5. Oil companies need to make very large profits. T: for investment
6. The future is looking very good for energy supply. F: it is uncertain
7. Worries about rising prices are concerning the oil companies. F: rising costs, stagnant production and fewer oil finds (a dearth)
8. People are generally happy to pay rising petrol costs. F: They are grumbling
9. People feel cheated by the oil companies. T: ‘ripped off’
10. Oil companies are working hard at their PR with the public. F: they need to do this