UPDATE: BP Posts Decline In Q2 Adjusted Profit
BP plc (NYSE: BP) posted a loss in the second quarter.
BP posted a quarterly net loss of $1.4 billion pounds, versus a year-ago net profit of $5.7 billion.
Its revenue dropped 9% to $95 billion, while underlying replacement cost profit fell to $3.7 billion, from $5.7 billion.
BP's total oil and gas production fell 7.4% y/y to 2.275 million barrels of oil equivalent a day.
BP shares closed at $41.82 yesterday.
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