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BP shrinks again to weather extended oil slump - Reuters UK
Reuters UK | BP shrinks again to weather extended oil slump Reuters UK L) announced a third round of spending cuts and more asset sales over the coming years on Tuesday to tackle an extended period of low oil prices and help pay for its $54 billion (35 billion pound) U.S. oil spill settlement. The British oil and gas ... BP Reports Sharply Lower Profit Because of Depressed Oil Prices BP braces for oil at $60 a barrel for the next two years as it cuts costs BP profits hit by lower oil and gas prices |
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