In 2009, company expects the capital expenditure, excluding acquisitions and asset exchanges, to be around $20-22 bn
UK-based integrated energy company BP has reported a loss of $3.34 billion for the fourth quarter of 2008, compared to a profit of $4.39 billion for the same period of 2007.
The company has reported a profit of $21.16 billion for the full year 2008, compared to $20.84 billion for the full year 2007.
BP has reported a replacement cost profit of $2.59 billion for the fourth quarter of 2008, compared to $3.39 billion for the same period of 2007, a decrease of 24% due largely to the significantly lower oil prices.
The energy company has reported net cash provided by operating activities of $5.6 billion for the fourth quarter of 2008, compared to $4.3 billion for the same period of 2007.
For the full year 2008, BP has reported replacement cost profit of $25.59 billion, a 39% increase compared to $18.37 billion for the full year 2007. The company has reported net cash provided by operating activities of $38.1 billion for 2008, compared to $24.7 billion for 2007.
According to the company, total capital expenditure and acquisitions was $7.0 billion for the quarter and $30.7 billion for the year. Capital expenditure, excluding acquisitions and asset exchanges and excluding the accounting for our transactions with Husky and Chesapeake, was $6.8 billion for the quarter and $21.7 billion for the year.