More on BP (BP) Q4: replacement cost profit -72% to $2.14B, adjusted profit -20% to $3.984 vs...

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

More on BP (BP) Q4: replacement cost profit -72% to $2.14B, adjusted profit -20% to $3.984 vs consensus of $3.305B, with the fall mainly due to asset sales to pay for Gulf oil spill liabilities, including the divestment of BP's 50% take in TNK-BP even though it's not yet completed. Also took $4.1B charge for the spill costs. Excluding TNK-BP's, oil and gas production -7% to 2.29M barrels of oil equivalent per day. (PR)