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BP makes $4.9bn loss and puts US refineries up for sale - Financial Times Analysis

Financial Times
Financial Times
5 months ago|87 views
Feb 1st, 2011: After last year's Deepwater Horizon-caused oil spill in the Gulf of Mexico, BP has put its troubled Texas City refinery up for sale as part of a wholesale shake-up of its US refining and marketing business that will see the UK oil group divest half of its refining capacity in the country. Sylvia Pfeifer, energy editor, talks to Daniel Garrahan about whether the move signals a change in BP's US strategy.

For more on BP, it's recorded annual loss and prospects for the future visit the Financial Times at: http://www.ft.com/video