BP Profit Falls, Sees Oil Prices 'Lower For Longer'

BP (BP) profit fell during the second quarter as oil prices dropped, and the oil major sees prices staying "lower for longer." The British oil company said Tuesday that adjusted second-quarter earnings sank 63.6% to 43 cents per share, under the 49 cents per share analysts polled by Thomson Reuters were expecting. Shares jumped in early trading in the stock market today. "The external environment remains challenging, but BP moved quickly in

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