BP in Charts: Q1 Revenue From Oil Production & Operations +32%, Gas & Low Carbon Energy +20% Y/Y
European Markets Mixed as Investors Read Corporate Earnings
The "Reset" Global Strategy struggles against weak oil prices, BP PLC's (BP.US) Q1 profits plummeted by 49%.
BP PLC (BP.US) released its first quarter Earnings Reports before the market opened on Tuesday Eastern Time, with Net income slightly below market expectations. The company had just completed a Global Strategy adjustment, and its performance was impacted by a significant drop in Crude Oil Product prices.
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