LONDON (AP) ? Oil company BP has reported a loss of $1.4 billion pounds for the second quarter on the back of lower prices for oil and gas as well as reduced output.
BP reported Tuesday that its net loss compared to a net profit of $5.7 billion a year earlier. Revenue was down 9 percent at $95 billion.
The company also made an additional provision of $847 million for the Gulf of Mexico oil rig disaster and cleanup, taking the total provision to just over $38 billion.
Underlying replacement cost profit for the period was $3.7 billion, down from $5.7 billion a year earlier. The adjusted figure excludes non-operating items and accounting effects.
Source: http://news.yahoo.com/bp-posts-q2-loss-output-oil-prices-fall-072858122--finance.html
barista university of kentucky ncaa oakland news alec baldwin alec baldwin college basketball
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.