While it's tempting to discard BP's (BP -4.2%) $4.8B in Q2 writedowns as one-time costs,...

|About: BP p.l.c. (BP)|By:, SA News Editor

While it's tempting to discard BP's (BP -4.2%) $4.8B in Q2 writedowns as one-time costs, analysts say it’s a troubling figure. "Writedowns were more than anticipated, and [with the] combination of weak operations, shares are reflecting that today," an Edward Jones analyst says, also noting that BP reported a 7% drop in production, worse than its major competitors.