BP just one million away from billion-dollar deficit

The British oil company fell short of analyst expectations in the fourth quarter and delivered the worst underlying result for the company in ten years.

by MAZ PLECHINGER

BP earned USD 400 million in the fourth quarter last year, which is not only far below analyst expectations for a profit of USD 568 million for the year, but also significantly below the company's own forecast for earnings which have not been adjusted for non-operational items.

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