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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BP Misses Q1 Forecasts With $1.4 Bln Profit, Cites Weaker Gas Trading and Refining
BP Outlook Q2: Expects Flat Upstream Production, Higher Customer Volumes, And Increased Refinery Turnarounds With Margins Sensitive To Economic And Supply Cost Pressures
