BP profits hit by low oil prices and high compensation

British oil and gas giant BP's second-quarter profits slumped by almost two thirds due to a combination of lower crude prices and ongoing charges over the "2010 oil spill":http://www.euronews.com/2010/05/04/bp... in the Gulf of Mexico. BP reached an 18.7 billion dollar (16.9 billion euro) settlement with the US governments and fives states this month to resolve the majority of claims over the leak, the largest in US history. On Tuesday the company said it has … READ MORE : http://www.euronews.com/2015/07/28/bp... euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.