BP's income drops by a fifth after asset sales

Confident mood: BP chief executive Robert Dudley

BLOOMBERG

By ROB WATTS London

 07 February 2013 23:59 GMT

BP’S net income dropped 20% during the fourth quarter of 2012 as falling production resulting mainly from asset sales to pay billions of dollars related to the Deepwater Horizon oil spill ate into profits.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index