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BP posts higher profits for the fourth quarter
Feb. 6, 2019
Source: Reuters

BP posts higher profits for the fourth quarter

Supermajor BP Plc registered a strong performance in its fourth quarter results. Profits in 2018 for the Anglo-Dutch oil firm doubled to five-year highs of $12.7 billion and were driven by the rise in oil and gas production. BP reported production of 3.7 million boepd in 2018. However, debt on BP grew and the share buyback scheme couldn’t keep up with the pace in the last quarter.

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