profits

Business
5:10 am
Tue February 5, 2013

BP's Profit Drops

Originally published on Tue February 5, 2013 12:47 pm

Transcript

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with a slip for BP.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

The British oil company, BP, announced its 4th quarter earnings today, and its net profit was about a billion dollars lower than a year earlier. BP has been shrinking as assets have been sold off to pay for its liabilities tied to the 2010 Gulf of Mexico oil spill.