BP's fourth quarter profits have taken a 12% hit, coming in at US 3.895 Bn in 2006, compared to 4.432 Bn in 2005.Profits for the full year 2006 were up 15% at 22.253 Bn compared to 19.314 Bn in 2005.BP Group chief executive, Lord Browne, said: "The fourth quarter result reflects the recent declines in the overall price and margin environment, as well as operational factors and increased safety and integrity investments.
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