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  • 6 months ago
BP’s half-year profits have tumbled by nearly a third – despite a better-than-expected performance in the second quarter – as weaker oil prices weighed on earnings.

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00:00Hello, I'm Greg Wright of the Yorkshire Post.
00:03BP's half-year profits have fallen by nearly a third,
00:07despite a better than expected performance in the second quarter,
00:10as weaker oil prices weighed on earnings.
00:14BP reported a 32% fall in underlying replacement cost profits
00:19to $3.73 billion for six months to June 30th.
00:24But it delivered a better than forecast underlying profit
00:27of $2.35 billion between April and June,
00:31which is down 15% year-on-year,
00:34but a significant improvement than $1.38 billion in the first quarter.
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