BP’s earnings slump 91% in Q4
According to a press release on the company’s website, BP’s earning slumped around 91% on the year in the fourth quarter of 2015, posting the lowest levels seen in more than a decade. The company’s profit adjusted for one-time items and inventory changes was reported at $196 million compared with a profit of $2.24 billion in the same period of last year. BP’s adjusted profit for the quarter also fell below analysts’ estimates, which called for an $814.7 million profit. BP also said that it lost $6.5 billion in 2015.