Covid canes Mobil and BPs' NZ subsidiaries

Covid canes Mobil and BPs' NZ subsidiaries
Petrol costs were down, but so were sales in 2020
Ian Llewellyn
Two of New Zealand’s largest petrol retailers have reported losses in the wake of the covid pandemic.Exxon Mobil NZ said it had made an operating loss after tax of $157 million in 2020, turning around a profit of $70m in the prior year. BP NZ said it lost $105m compared to a profit of $135m in the prior year.Both were reporting to the Companies Office for calendar 2020, a year dominated by the pandemic and the related lockdowns.During those times, particularly the first extended nationwide lockdown, traffic volumes dropped to virtually ze...

More Infrastructure

Northport extension consent shot down over cultural impacts
Infrastructure

Northport extension consent shot down over cultural impacts

The port had pitched the project as a catalyst for regional growth.

Oliver Lewis 10 Jul 2024
Cairns flames Fletcher and gives up chair pursuit
Infrastructure

Cairns flames Fletcher and gives up chair pursuit

Three-month wait for 'papal smoke' from board burns off former port boss.

NZ First raises possibility of Aratere grounding being human error
Infrastructure

NZ First raises possibility of Aratere grounding being human error

The social media post was framed in a 'just asking questions' manner.

Oliver Lewis 09 Jul 2024
Five-year plan for universal road-user charges
Infrastructure

Five-year plan for universal road-user charges

A new report from the NZ Initiative makes the case for road pricing.

Oliver Lewis 09 Jul 2024