Gloomy second-quarter figures from the oil company will be made worse by an extra $10bn provision from the Deepwater Horizon accident

BP is expected to report that its profits are down by more than half despite a recent increase in oil prices.

The gloomy second-quarter figures to be revealed on Tuesday will be made worse by an extra $10bn (£6.5bn) provision that the company will take to pay for the latest legal settlement resulting from the Deepwater Horizon accident.

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Source: The Guardian Circular Economy RSS