(Bloomberg) -- BP Plc replaced its chief executive officer, settled claims from a deadly Texas refinery blast and cleaned up leaks in Alaskan oil pipelines during the past year. Reviving profit and gaining investor confidence may take longer.
Europe's second-largest oil company probably will report tomorrow that first-quarter profit dropped and production fell for the seventh consecutive period. Shares of London-based BP slid 20 percent in a year, lagging behind Exxon Mobil Corp.'s 24 percent gain and a 6.4 percent increase in the FTSE 100 Index.
Read more at Bloomberg Energy News
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