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Bob Dudley
Energy company BP says 2Q earnings fell 45 percent
BP's second-quarter earnings fell 45 percent as lower oil prices hit the British energy company.
Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier, the company said in a statement released Tuesday. BP's net loss narrowed to $1.4 billion from $5.8 billion.
BP took a pre-tax charge of $5.2 billion in the quarter for costs related to the Deepwater Horizon disaster in 2010. The company sought to draw a line under the incident earlier this month, saying it estimated the final pre-tax cost of the spill — including fines, litigation and...
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Energy company BP says 2Q earnings fell 45 percent
BP's second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in...
BP reports 91 percent plunge in 4th quarter earnings
British oil company BP said fourth-quarter earnings plunged 91 percent because of sharp declines in oil prices.
BP reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same quarter a year earlier. The...