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Profit Down for BP, Which Predicts Era of Low Oil Prices - New York Times
New York Times | Profit Down for BP, Which Predicts Era of Low Oil Prices New York Times And the company, saying it expects prices to stay low for years, indicated that it would continue to cut costs and limit its investments in searching for and developing new oil and gas fields. “We are now in action to rebalance our financial framework ... BP cuts costs, bracing for $60 barrel oil until 2017 BP shrinks again to weather extended oil slump BP profits hit by lower oil and gas prices |
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