BP profits down 20 percent due to lower oil prices
Gas volumes grew in third quarter but overall liquids production continued to shrink, although U.S. production was up 7 percent Allen Baker PNA Contributing Writer
By Profits for BP PLC dropped 20 percent in the third quarter. The percentage drop was less than the figure for rivals ExxonMobil, down 29 percent, and Chevron, down 24 percent, but bigger than the decline at much-smaller Phillips, where profits dipped 15 percent.
London-based BP reported pro-forma....
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U.S. liquids production down 12 percent
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