BP plc (NYSE:BP) (LON:BP) released the results for the second quarter of 2013 and saw stagnation in performance estimates amidst a slow global economy and declining oil prices.
BP sales grew but margins declined
BP registered net earnings of USD 2.7 billion for the quarter ended June 30, 2013 which was a decline of 26 percent over the same period last year and 23 percent on a QoQ basis. Overall sales grew by 1.5 percent to USD 95 billion but it registered a decline in net margins from 3.9 percent to 2.9...


