BP 4Q Earnings Slip 22 Percent to $2.88B
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LONDON -- BP PLC said Tuesday its fourth-quarter profit dropped 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending after a series of high-profile mishaps including a deadly refinery blast in Texas and an oil spill in Alaska. The oil company also...
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BP Plc, the world's second largest oil  company, reported bumper third-quarter earnings on Tuesday on  the back of high oil prices.
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British energy giant BP PLC said Wednesday that oil and gas production rose 4 percent in the fourth quarter of 2004, largely due to higher output from Russia, but added that higher taxes there would take a chunk out of earnings.
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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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BP Plc, the world's second-largest  listed oil company by market capitalization, reported  above-consensus fourth-quarter profits on Tuesday thanks to  high oil prices and strong refining margins.
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Sempra Energy  said on Thursday  its earnings fell in the fourth quarter, hurt by a $221 million  charge related to its Argentine utilities.
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BP's annual profits rise 26% to $16.2bn (Â£8.7bn) as the company benefits from soaring oil prices.
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The oil giant BP reports a 22% fall in annual profits at the end of a tough year for the company.
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British oil giant BP reported a drop in net profit for the three months to June on Tuesday, as energy production dropped for an eighth quarter running despite strong world demand for oil and gas.
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Chevron Corp. , the No. 2 U.S. oil company, said on Friday its fourth-quarter profit fell, pulled down by weaker natural gas prices.
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After months of soaring crude oil prices, BP, the world&#39;s second-biggest publicly traded oil company, reported a 43 percent rise in third-quarter profit on Tuesday and forecast
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Oil giant BP reported a 53 percent rise in fourth-quarter net profit as oil prices surged, but full-year profits fell due to refining outages and rising costs.
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BP Plc  expects its oil and gas production to have fallen 0.6 percent in the third quarter as losses at its Alaska operations and sales of oil fields outweighed gains from new start-ups and a benign hurricane season.
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UK energy exploration firm BG Group posts a 22% rise in annual profits on the back of strong gas and oil prices.
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UK blue-chips fell heavily Thursday, with Rentokil slumping 22 percent after warning fourth-quarter profits for its City Link parcel service business are likely to be below expectations, and with Wall Street down in early trade.
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BP PLC, one of Europe's biggest oil companies, reported Tuesday that third-quarter profit fell 29 percent compared with a year ago because of lower margins and interruptions in refining.
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BP PLC reported a 53 percent rise in fourth-quarter net profit Tuesday as oil prices surged, but full-year profits fell due to refining outages and rising costs.