BP Profit Down on Weaker Oil and Gas Prices

Oil major BP saw its quarterly profit drop amid weaker environment despite higher production during the period.

BP said on Tuesday that its uderlying replacement cost profit for the fourth quarter and full year 2019 was $2.6 billion and $10 billion respectively, compared to $3.5 billion and $12.7 billion for the same periods a year earlier, largely reflecting the impact of the weaker environment…

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