BP revenues set to be &#39;dreadful,&#39; CEO says: report
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British energy giant BP&#39;s third-quarter revenues are set to be &quot;dreadful,&quot; the company&#39;s chief executive Tony Hayward told a meeting of BP employees in Houston, the Financial Times reported in an early edition of its Tuesday paper.
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Falling production and refinery problems dents BP's second-quarter earnings, which dipped 1% to $6.09bn.
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Demand for oil will decline by 1 million barrels per day (bpd) in the second quarter of 2005, the head of the OPEC producers' cartel said on Monday.
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British energy giant BP said Wednesday that it will cut more than 350 jobs at its North Sea operations in the face of lower output and soaring costs.
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BP Plc  Chief Executive John  Browne will step down at the end of July, 17 months earlier  than planned, the oil giant said on Friday, ending months of  uncertainty about future leadership of the company.
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Demand for oil will decline by 1  million barrels per day (bpd) in the second quarter of 2005,  the head of the OPEC producers' cartel said on Monday.
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A CEO reveals some horrible news.
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By Channel NewsAsia&#39;s Indonesia Bureau Chief Haseenah Koyakutty. JAKARTA : The head of the Organisation of Petroleum Exporting Countries, or OPEC, says he expects global oil prices to come well off their current crippling highs.
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WASHINGTON -- BP executives received stern warnings Thursday from members of Congress outraged at the company's admittedly deficient maintenance of leak-prone Alaskan oil pipelines.
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Oil giant BP sees production levels fall in the third quarter of 2006 after problems at its Prudhoe Bay site in Alaska.
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BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.
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BP  said on Wednesday  production at its Prudhoe Bay oil field in Alaska, the largest  in the United States, fell to 110,000 barrels per day (bpd) due  to a technical fault. A company spokesman said the reduced  output would last for several days. Production had previously  been about 200,000 bpd, around half the field's normal output.
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Oil giant BP sees its latest profits fall 12% after it was hit by lower oil prices and higher safety spending.
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British energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits almost halved owing to lower output, US gas prices and refinery outages.
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Two pension funds plan to ask an  Alaska state court on Friday to freeze more than $140 million  in retirement pay and other compensation for outgoing BP Plc   CEO John Browne, saying it is excessive and  undeserved, an attorney for the investors said.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.