UK supermajor BP saw quarterly and full-year profits fall as output remained steady but commodity prices dipped.

BP posted a fourth quarter profit of $19 million, sliding from 2018's positive $766 million net result, meanwhile full-year profit slipped from $9.38 billion to $4.02 billion.

The underlying performance of the business was also weaker in 2019, with BP’s underlying replacement cost profit in the fourth quarter falling from $3.48