BP posts drop in profits

BP revealed a drop in quarterly profits today as the impact of the Deepwater Horizon disaster a year ago continues to hit the embattled oil giant.

BP posts drop in profits
Wed, 27 Apr, 2011 - 08:59

BP revealed a drop in quarterly profits today as the impact of the Deepwater Horizon disaster a year ago continues to hit the embattled oil giant.

Profits dropped 2% to $5.48bn (€3.73bn) in the three months to March 31 after the company sold oil assets in order to pay for the clean-up operation and the US banned drilling in the Gulf of Mexico.

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