By STANLEY REED
Published: July 31, 2012
LONDON — BP, Europe’s second-largest oil company, reported a $1.4 billion loss Tuesday for the three-month period ended June 30. The main reason for the loss was $4.8 billion in write-downs on refineries, shale gas assets in the United States and a long-delayed project in Alaska
The earnings will do nothing to assuage the concerns of investors, who are already discontented with the performance of the company and its chief executive, Bob Dudley. BP’s share price was down 3.69 percent in morning trading in London.
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