Low oil price sees BP profits plunge 44%

Profits at oil giant BP plunged 44% to US$720m in the second quarter.

Low oil price sees BP profits plunge 44%
Tue, 26 Jul, 2016 - 12:05

Profits at oil giant BP plunged 44% to US$720m in the second quarter.

The slump in underlying replacement cost profit, the benchmark industry measure, comes as the sector battles low oil prices.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

Benefit image

Introductory offer. Annual billed once for first year. Monthly (discount first 3 months) billed monthly, then €12/month. Ts&Cs apply.

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

ieBusiness Podcast: Cork Film Festival Director Fiona Clark speaks of soaring running costs ieBusiness Podcast: Cork Film Festival Director Fiona Clark speaks of soaring running costs
Jaguar Land Rover cyber attack Jaguar Land Rover cyber attack cost UK €2.2bn
EY forecasts GDP growth of 9% in 2025 and 3.3% next year EY forecasts GDP growth of 9% in 2025 and 3.3% next year
CourtsBusinessOil pricesbpoil
<p>The operator of Cork Airport and Dublin Airport hit back over complaints it had tried to paint itself as environmentally friendly in a dispute over an advertising campaign about emissions.</p>

DAA denies ad campaign about airport emissions was effort at greenwashing 

READ NOW

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Latest

Business

Push Notifications

By clicking on sign up you will be the first to know about a selection of business content on this browser. Please note if you are unable to sign up via your mobile web browser, download and sign up for mobile push notifications via our FREE news app.

Sign Up
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Fergus Finlay
Fergus Finlay

Analysis

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited