Last week, BP (along with many other supermajors) posted their 2nd Quarter results for 2016, their first report since having “drawn a line under the material liabilities for Deepwater Horizon” spill in the Gulf of Mexico in 2010. Although they missed their target and profits are down for the quarter (due to the low price of oil and weak margins on their refining operations), their strong cash flow and plans for growth should keep them afloat for many years to come.

from Forbes – Tech http://ift.tt/2asaRzu
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