BP LOSS $6.5 BLN
BP today reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit for the full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth quarter of 2014.
Underlying operating cash flow for the fourth quarter of 2015 was $5.9 billion, bringing the total for the year to $20.3 billion, compared with $32.8 billion for 2014, down 38%.
BP took $2.6 billion in non-operating post-tax charges in the fourth quarter, primarily related to impairments of…
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