Nevertheless

BP Second Quarter Earnings Down; Dividend Increased

Citing unfavorable market conditions, BP plc reported decreased earnings in the second quarter relative to the second quarter of 2001. Nevertheless, the company added that “performance and growth [is] firmly on track,” and increased the company’s quarterly common stock dividend to $6 from $5.50 at this time last year.

July 31, 2002

Chemical Producers Sell Their Gas Supply, Cut Production

Chemical companies, forced to shut in operations because of high natural gas prices, are nevertheless making money — by selling gas futures contracts. Terra Industries and Mississippi Chemical Corp. became the latest companies to announce cutbacks and shutdowns related to current natural gas costs.

December 18, 2000

High Prices Force Chemicals to Sell Gas, Futures

Chemical companies, forced to shut in operations because of highnatural gas prices, are nevertheless making money — by sellinggas futures contracts.

December 12, 2000

Despite Losses LG&E Supports Market

Burned so badly that it subsequently got out of the gas andelectric marketing business, LG&E Energy nevertheless has urgedthe Federal Energy Regulatory Commission not to interfere with theinfant electric market by imposing price caps. The marketer, whichhad been among the largest in the business, said the price run-upin June to the neighborhood of $7,000 per MWh for gas deliveredinto Cinergy was part of the “growing pains” of an immaturecommodities market.

August 11, 1998
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