BP plans disposals as profits plunge | Bangkok Post: news

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BP plans disposals as profits plunge

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British energy giant BP said on Tuesday that its net profit slid 34 percent in the third quarter, mainly as a result of lower refining margins. 

A sign at a BP petrol station in central London on October 30, 2012

BP, which remains weighed down by huge compensation payouts linked to the Gulf of Mexico oil spill disaster in 2010, said its profit after tax had tumbled to $3.5 billion (2.54 billion euros) in the three months to the end of September compared with the third quarter in 2012.

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