BP saw underlying profits drop for the first quarter of 2013 as oil and gas production declined mainly as a result of divestments.
The UK supermajor posted a total profit of $16.9 billion for the first three months of 2013, up almost three-fold from the $5.8 billion reported for the same period last year, after receiving $12.5 billion from Russia’s Rosneft for its stake in TNK-BP.[Up stream]
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