Oil giant BP has reported a 45% drop in annual profit due to lower oil and gas prices and depressed refining margins.
The company said that its oil and gas production increased more than 4% in 2009 and its reserves had grown for the 17th year in a row. Profits during the final three months of 2009 were $3.45bn, up 33% from the $2.59bn reported a year ago.
Full Story: BP profit hit by lower oil prices - BBC News
The company said that its oil and gas production increased more than 4% in 2009 and its reserves had grown for the 17th year in a row. Profits during the final three months of 2009 were $3.45bn, up 33% from the $2.59bn reported a year ago.
Full Story: BP profit hit by lower oil prices - BBC News
