BP Profit Hurt By Lower Oil Prices, Higher Tax; Ups Oil Spill Provision European oil giant BP Plc (BP.L, BP_UN.TO, BP) Tuesday reported lower underlying replacement cost profit for the second quarter, amid a drop in oil prices and a high underlying effective tax rate. Results also reflected lower post-tax income from Russia, driven by rouble depreciation and the effect of Russian oil export duty.
July 30, 2013 - RTT News