BP Announces $4.9 Billion Loss

BP announces £3.1bn loss as it goes into the red for the first time in 20 years (Daily Mail):

BP reported a £3.1billion ($4.9bn) loss yesterday as the company counted the cost of last year’s oil rig disaster in the Gulf of Mexico.

It was the first time the company had been in the red for nearly two decades – this time a year ago they posted a profit of £8.7billion ($14bn).

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