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BP Reports Another Annual Loss Amid Low Oil Prices - Wall Street Journal
TheStreet.com | BP Reports Another Annual Loss Amid Low Oil Prices Wall Street Journal The British oil giant also delivered some surprising news when executives said Tuesday that the company now needs oil prices of about $60 a barrel to balance its spending with cash flow, up from the $50 to $55 a barrel they had indicated last year. Shares in oil giant BP fall as it posts $999m annual loss BP Misses Fourth Quarter Profit Estimate as Refining Margins Offset Higher Oil Prices BP shares drop as oil giant sees profits miss forecasts, at lowest in around 10 years |
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