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BP Reports 60% Decrease in Petrochemical Earnings

10:24 AM MST | February 7, 2012 | Sotirios Frantzanas

BP says that earnings on a replacement cost basis, before interest and taxes, for its petrochemical business in the fourth quarter of 2011 were $96 million, 60% lower than the $243 million reported in the same quarter of 2010. Sales figures were not disclosed but...

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