BP profits halve to $13.8bn but beat forecasts

BP profits halve to $13.8bn but beat forecasts

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Profits at the energy company BP halved last year to nearly $14bn (£11bn), but were better than expected after weaker oil and gas market prices caused revenues to slump across the industry. BP said it would return more cash to investors with $3.5bn of share buybacks over the first half of this…

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