BP chief aims to cut costs as year-on-year Q4 profits suffer major fall

摘要

BP announced a major year-on-year fall in Q4 profits, by approximately 23.8%from $3.395 billion in 2007 to $2.587 billion last year. The British-based supermajor stressed that annual replacement profits had risen 39% year-on-year, to $25.6 billion, but still seemed to forecast a difficult year ahead.