Tuesday, February 2, 2021

BP Q4 Results Miss View, Posts Hefty Annual Loss; Stock Dips

British oil major BP Plc reported Tuesday a replacement cost profit in its fourth quarter, compared to loss last year, despite sharply lower revenues amid Covid-19 pandemic crisis. The quarterly profit and revenues missed market estimates. The company also posted a hefty loss in its fiscal 2020. BP shares were losing around 3 percent in London trading and around 5 percent in the pre-market on NYSE

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