je.st
news
BP reports quarterly loss of $4.4 bln amid oil price drop
2015-02-03 17:34:26| Energy - Topix.net
BP sounded a somber note on the oil industry Tuesday, saying producers may have to adjust to an extended period of lower prices, as the company reported a fourth-quarter loss of $4.4 billion and announced spending cuts. The London-based oil company followed Royal Dutch Shell and Chevron in curbing spending after the price of crude oil dropped about 50 percent last year.
Tags: price
reports
loss
oil
Category:Energy and Environment
Latest from this category |
All news |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||