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BP misses profit estimates, posts 'small loss' from oil trading
Published Tue, Feb 7, 2017 · 09:50 PM
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London
BP Plc has reported fourth-quarter earnings that missed analyst estimates after higher oil prices failed to fully compensate for lower income from refining.
Profit adjusted for one-time items and inventory changes totalled US$400 million, falling short of the US$567.7 million average estimate of analysts.
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