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BP posts $1.4 billion loss
 
The BP Soho Gas Station sign defaced in protest of the recent oil spill in the Gulf of Mexico.
The BP Soho Gas Station sign defaced in protest of the recent oil spill in the Gulf of Mexico.
Corbis

On Tuesday, BP, Britain's second-largest oil company, posted a $1.4 billion loss for the last quarter. The disappointing earnings were mainly attributed to write-downs of valuable assets, including shale gas in the U.S.

 

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