LMI analysis: BP

Falling oil prices have hit energy companies hard, and none more than BP. The oil and gas giant had a difficult year in 2015 with its upstream business in particular bearing the brunt of this, reporting a pre-tax loss of $700m (£530m). Added to these woes are the continuing liabilities from the Deepwater Horizon oil spill in the Gulf of Mexico in 2010, which has so far cost BP £55.5bn.

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