BP annual earnings dip to 10-year low, warns OPEC cut could affect 2017 production

BP disappointed analysts on Tuesday morning, reporting lower-than-expected net income in the fourth quarter and annual earnings that dipped to at least a 10-year low. Its shares were down by 2.4 percent in early trade. The oil giant said underlying replacement cost...

Statoil’s fourth quarter lags after $2.3 billion net impairment charges

“The result was impacted by $2.3 billion in net impairment charges mainly due to reduced long-term price assumptions,” Statoil said in a statement. The firm maintained its dividend policy and said it would have the same amount of capital expenditure in...

Statoil’s fourth quarter lags after $2.3 billion net impairment charges

“The result was impacted by $2.3 billion in net impairment charges mainly due to reduced long-term price assumptions,” Statoil said in a statement. The firm maintained its dividend policy and said it would have the same amount of capital expenditure in...