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BP profit drops to 20-year low as oil firm plans to axe 7000 jobs - CBC.ca
CBC.ca | BP profit drops to 20-year low as oil firm plans to axe 7000 jobs CBC.ca Oil companies are slashing jobs and delaying investments as crude prices plummet. Brent crude, the benchmark for North Sea oil, fell 34 percent last year and hit a 12-year low of $27.10 a barrel in January. Brent traded at $34.13 on Monday and traded ... BP hit by tumbling world oil prices Gulf-Scarred BP Was Ready For Oil Price Slump BP suffers $5.2bn annual loss as oil price crash forces more job cuts |
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