bp returns to profit in 2016 on costcutting
Last Updated : GMT 09:03:51
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Last Updated : GMT 09:03:51
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BP returns to profit in 2016 on cost-cutting

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Almaghrib Today, almaghrib today BP returns to profit in 2016 on cost-cutting

London - Arab Today

 BP posted a slight net profit for 2016, but recovered from heavy losses the previous year, as cost-cutting offset weak oil prices, the British energy giant announced Tuesday.

Profit after tax stood at $115 million (108 million euros) compared with a net loss of $6.5 billion in 2015, BP said in an earnings statement.

 
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