BP shows slight gain in profits, doesn’t match rivalsEarnings barely rose for fourth quarter, while ExxonMobil showed 63 percent gain in same period Allen Baker Petroleum News Contributing writer (Houston)
BP PLC failed to match its big U.S. rivals in announcing its fourth-quarter profits on Feb. 10, and the stock cratered sharply on that date before rebounding somewhat as OPEC announced a production curb. Analysts had been expecting better.
For the fourth quarter, the big London firm’s earnings reac....
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