BP makes loss for first time in 7 years

Despite seeing a 39% jump in Profits for the year to 31 Dec 2008 to $25.6bn, BP, the second-biggest oil company in Europe has announced its first quarterly loss in seven years as the global recession spurred a record plunge in demand for oil products.

Shares in BP fell almost 5% in London on the announcement despite showing no price growth when oil prices were high.

This entry was posted in Uncategorized and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s