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dixiegrrrrl

(60,010 posts) Tue Feb 2, 2016, 07:36 AM Feb 2016

BP logs $6.5 billion loss for 2015 as oil prices collapse

gee...all those oil profits they did not want to spend to clean up the Gulf of Mexico, now gone.

What a...co-incidence.

https://twitter.com/AFP/status/694418155670601728

2 replies

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BP logs $6.5 billion loss for 2015 as oil prices collapse (Original Post) dixiegrrrrl Feb 2016 OP

Awww what a shame :( Takket Feb 2016 #1

Surrrre, They Did! ProfessorGAC Feb 2016 #2

Takket

(21,607 posts)

1. Awww what a shame :(

Reply to dixiegrrrrl (Original post)

Tue Feb 2, 2016, 07:52 AM

Feb 2016

ProfessorGAC

(65,134 posts)

2. Surrrre, They Did!

Reply to dixiegrrrrl (Original post)

Tue Feb 2, 2016, 08:14 AM

Feb 2016

If their raw material prices fell that much, why would the margins erode to negative numbers? This is losses after depreciation, which means it's merely a book loss. They're overall cash flow and balance sheets are fine.

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