BP to ramp up asset sales as it reports fall in profits
Oil and gas company says it will review portfolio and push to dispose of parts of the business fasterBusiness live – latest updatesBP has said it will ramp up efforts...
By Lauren Almeida · The Guardian World
Oil and gas company says it will review portfolio and push to dispose of parts of the business faster Business live – latest updates BP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in its latest quarter. The company reported an underlying profit of $2.2bn (£1.7bn) in the three months ended in September. It marked a slowdown against its previous quarter, when it made a profit of $2.4bn, but beat analyst expectations of $1.98bn. Continue reading...