Energy Report

Wednesday, October 25, 2006

High taxes and low crude prices push down BP profits

High taxes and low crude prices push down BP profits

Terry Macalister

The Guardian

25 Oct 2006



BP signalled an end to record oil company profits yesterday with lower underlying third-quarter results and warnings about a “more difficult trading environment” as crude prices fell and taxes went up. Lord Browne, BP’s chief executive, also said... read more...

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