Oil firm predicts recovery from profits slump

Oil giant BP today offered hopes of a recovery from its recent woes despite a 45% slump in profits.

Oil firm predicts recovery from profits slump
Tue, 23 Oct, 2007 - 16:13

Oil giant BP today offered hopes of a recovery from its recent woes despite a 45% slump in profits.

The company, which has been hit by problems at its US refineries as well as falling oil and gas production, said third-quarter profits had slipped to $3.87bn (€2.7bn).

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