BP to take hit of nearly $3bn amid oil refining woes
by Jillian Ambrose Energy correspondent from World news | The Guardian on (#6P2WN)
Shares fall as energy company expects huge writedown on German plant
BP is preparing to take a hit of almost $3bn (2.3bn) hit in its results for April to June as lower demand for fuels leads to woes within the company's oil refining business.
The oil supermajor warned investors that significantly lower realised refining margins" could wipe between $500m and $700m from its earnings for the quarter.
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