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Profits at oil giant BP fell sharply at the end of 2008 after the price of oil slid dramatically. For the last three months of 2008, BP's replacement cost profit was $2.587bn (£1.8bn), down 24% from a year ago and 74% lower than the previous quarter.
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Profits at oil giant BP fell sharply at the end of 2008 after the price of oil slid dramatically. For the last three months of 2008, BP's replacement cost profit was $2.587bn (£1.8bn), down 24% from a year ago and 74% lower than the previous quarter.