BP signals more cost cuts on way after fall in profits
by Lauren Almeida from World news | The Guardian on (#717C7)
Oil and gas company says it will review its portfolio and push to sell off assets faster
BP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in its latest quarter.
The company reported an underlying profit of $2.2bn (1.7bn) in the three months ended in September. It marked a slowdown against its previous quarter, when it made a profit of $2.4bn, but beat analyst expectations of $1.98bn.
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