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7

BP's Q4 Revenues Will Be Dreadful

According to him, BP's financial performance was at its worst since 1992-93

BP expects "dreadful" third-quarter revenues, the company's CEO Tony Hayward told a meeting of BP employees in Houston.

According to him, BP's financial performance was at its worst since 1992-93.

Hayward added that the energy company's fourth-quarter revenues would be an improvement on the previous three-month period because of an additional 250,000 barrels of oil per day in extra production as various projects start operating.

BP has yet to recover from the fallout of the Texas City refinery explosion in 2005, which killed 15 people and raised doubts about safety across the group's US facilities.