BP's Q4 disappoints, warns of falling production in 2010

摘要

London-BP reported February 2 a lower-than-expected rise in adjusted earnings for the fourth quarter of 2009 and warned of falling production volumes this year as a bleak refining outlook continues to drag on its earnings potential.Europe's biggest oil major reported a replacement cost profit, which strips out the value of inventories, of $3.447 billion for the fourth quarter, up 33% from $2.587 billion in the same period of 2008.