Wednesday, 08 December 2021 03:06 GMT

British Petroleum profit 28 percent lower in Q4


(MENAFN) Profit of British Petroleum has declined in the fourth quarter of 2013 on the back of weak refining business, according to Arab News



Rising costs in oil sector affected the company's business, and increased its struggle to boost profits



The world's fourth-biggest publicly traded oil company reported a 28 percent lower cost profit in the fourth quarter than the same period in 2012, reaching USD2.8 billion



Quarterly profits of Exxon Mobil Corp, the world's largest publicly traded oil company by market value, were lower-than-expected, the company reported last week


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