Breaking News, World News and Taiwan News.

BP profit plummets by 79 percent in Q4 due to Gulf of Mexico settlement

LONDON -- Oil and gas giant BP says its profit fell nearly 80 percent in the fourth quarter, dragged down by payouts related to the Gulf of Mexico oil spill.

BP said Tuesday that net profit fell to US$1.62 billion in the quarter ending on Dec. 31, down from US$7.69 billion in the same period the year before. BP took a loss of US$3.85 billion for its settlement of all federal criminal charges with the U.S. government.

 

 

 

 

 

 

 

 

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search