Summary
LONDON - BP PLC's third-quarter profit declined by 3.6 percent, slumping on lost Alaskan production, higher taxes in Britain and a sharp drop in gasoline prices.
BP, which has experienced a run of difficulties in the United States, also lowered its average daily oil production forecast for 2006 because of asset sales and snags at several oil fields.See the full content of this document
Extract
Bp's Third-Quarter Profit Declines
The first of the major oil companies to report quarterly earnings this week, BP said net income for the three months ended Sept. 30 came to $6.23 billion, comp...
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