BP sees slump in profits

Oil giant BP suffered a 45% fall in profits today as production problems continued to blight the business.

BP sees slump in profits
Tue, 23 Oct, 2007 - 09:02

Oil giant BP suffered a 45% fall in profits today as production problems continued to blight the business.

The firm's third-quarter profits of $3.87bn (€2.7bn) came in below analysts' expectations, after ongoing problems at its US refineries.

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