BP shows higher earnings as prices, flows improveProfits rise by 49 percent for quarter despite lower downstream results; Alaska oil production up 9 percent due to North Slope’s Northstar field Allen Baker PNA Contributing Writer
BP PLC reported income of $2.64 billion for the fourth quarter on a pro forma basis, up 49 percent from the results a year ago. The London-based company made $2.29 billion in the third quarter. The pro forma measurement subtracts special items, so it’s not directly comparable with results for U.S. c....
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