Oil giant BP reports tumbling profits in first half
BI Desk || BusinessInsider
Published: 01:12, 31 July 2024
Photo: Collected
BP on Tuesday announced tumbling profits for the first half, with the British oil and gas giant hit by depreciation of assets and falling revenue.
Profit after tax slumped 79 percent to $2.13 billion compared with net earnings of $10 billion in the first six months of last year, BP said in a statement, reports BSS/AFP.
