BP has announced profits of $3.14 billion (£1.9 billion) from April to June 2009 - but that’s a slump of 53% on last year.. Follow us on twitter at twitter.com ... bp petrol oil gas prices barrel money slump profit
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Rising output and lower costs took the sting out of BP’s first-quarter earnings Tuesday, after adjusted net profit slumped almost 60%. Iain Armstrong from Brewin Dolphin has analysis.
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Shares of BP were higher Tuesday despite a slump in third-quarter profit as the oil giant managed expectations well, Iain Armstrong, equity analyst at Brewin Dolphin, tells CNBC's Guy Johnson.
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London-listed oil major BP posted a 53% fall drop in second-quarter net replacement cost profit Tuesday, due to lower oil prices. Tony Hayward, CEO of BP, spoke to CNBC about the results.
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BP 4Q net rises 53% as crude surges to $100 a barrel; Northern Rock shares fall after Olivant drops out of bidding; SocGen has a 70% chance of being bought, Merrill says; KPN profit climbs 6% on Cetronica, German mobile unit
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