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BP gives it both barrels

BP gives it both barrels

Sometimes, you can’t catch a break. Obscured by Tuesday's sell-off in equities, BP (BP.) dropped a set of numbers that chief executive Bob Dudley hailed as the oil giant’s “best results in recent history”. His comments are justifiable. Including further atonement for the Gulf of Mexico spill, operating cash flow jumped 77 per cent to $18.9bn (£13.5bn) in 2017. Elsewhere, upstream production swelled 12 per cent, and a successful year of exploration added 1bn barrels of oil-equivalent to reserves.

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