You are here

BP production growth boost shares despite profit drop

"We continue to position BP for the new oil price environment, with a continued tight focus on costs, efficiency and discipline in capital spending." - BP chief executive Bob Dudley


BRITISH energy company BP's second-quarter profit dipped but beat forecasts after an exploration write-off in Angola, while a 10 per cent rise in oil and gas production from a slew of new projects gave shares a strong boost.

BP also increased cash flow from operations in a...

Market voices on: