Bp's 'On Steady Course' Despite Drop in Earnings

Summary


BP announced a 53 per cent slump in profits yesterday, but the oil giant said it continued to steer "a steady course through choppy waters".

The haul of $3.14 billion (Pounds 1.9bn) between April and June was well down on the $6.75bn seen a year ago, a period when oil prices were approaching record high levels.

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Bp's 'On Steady Course' Despite Drop in Earnings

But chief executive Tony Hayward said the figure was 30...

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