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BP slashes growth targets »

Posted by: STONERS 2 years, 9 months ago

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Oil giant BP slashed its growth targets and raised spending plans on Tuesday, hitting its shares, as it reported better than expected, but falling, fourth quarter profits.

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STONERS
Feb. 6, 2007, 12:49 p.m.
The world's third-largest fully publicly traded oil company by market value said production would fall in 2007 and only grow slightly to the end of the decade, compared to earlier plans to grow at 4 percent per annum.

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