New York Times | BP Cites Lower Oil Prices in $3.3 Billion Loss New York Times BP blamed the loss primarily on sharply lower oil and gas prices. The company also said it wrote down the value of its oil and gas assets by $1.6 billion in the quarter. BP repeated a commitment it made last month to cut 4,000 jobs this year in the ... Oil Giant BP Slumps To $5.2bn Annual Loss BP Profit Falls 91%, Missing Estimates, as Oil Slump Deepens BP Q4 underlying RC profit $196M vs $2.239B in Q4 2014 |