BP forecast to report a slide in Q2 profits
by Terry Macalister from on (#FGFZ)
Gloomy second-quarter figures from the oil company will be made worse by an extra $10bn provision from the Deepwater Horizon accident
BP is expected to report that its profits are down by more than half despite a recent increase in oil prices.
The gloomy second-quarter figures to be revealed on Tuesday will be made worse by an extra $10bn (6.5bn) provision that the company will take to pay for the latest legal settlement resulting from the Deepwater Horizon accident.
