LONDON (Reuters) - BP Plc <BP.L> cemented its status as problem child among the world's top oil companies on Tuesday with unexpectedly weak quarterly results, slashing $5 billion off the value of its U.S.

LONDON (Reuters) - BP Plc (BP.L) will continue to invest in oil trading despite losses in its operations in both the first and second quarters of this year, its chief financial officer said on Tuesday.

U.K. stocks retreated, paring their second monthly advance, as BP Plc (BP/) reported results that missed estimates and Germany's Finance Ministry said it sees no need to give Europe's permanent bailout fund a banking license.

U.K. stocks retreated, paring their second monthly advance, as BP Plc (BP/) reported results that missed estimates and Germany's Finance Ministry said it sees no need to give Europe's permanent bailout fund a banking license.

BP Profits Plunge On Massive Asset Write-down. By Alexis Flynn. Published July 31, 2012. Dow Jones Newswires. BP PLC (BP) Tuesday posted a dramatic fall of 96% in adjusted profit for the second quarter as it wrote down the value of its assets by $5 ...

BP Posts Dramatic Profit Collapse. By Alexis Flynn LONDON (Dow Jones)�BP PLC (BP) Tuesday posted a dramatic fall of 96% in adjusted profit for the second quarteras the U.K.

BP Posts Weak Earnings. LONDON�BP PLC Tuesday posted a sharp fall in second-quarter earnings as it wrote down the value of several key assets in the U.S.

BP Reports Loss on U.S. Asset Writdowns, Production Slump. By Brian Swint - 2012-07-31T15:52:07Z. BP Plc (BP/), Europe's second-biggest oil producer, reported a loss in the second quarter as the company wrote down the value of U.S.

BP PLC (BP.LN) Monday sought to reassure investors that cash flow from its Russian joint venture, TNK-BP (TNBP.RS), which has been absent since the beginning of the year as a boardroom impasse holds up dividend payments, is not essential to its own ...