Oil giant BP sees a drop in profit of 35% in the second quarter, compared to the same period last year.
It blamed the slide partially on a reduction in oil production and also a lowering of the crude oil market price in the quarter.
The oil giant also revealed that it paid out £5.6bn to individuals and firms affected by the 2010 Deepwater Horizon drilling disaster in the Gulf of Mexico.
BP said it still sees "significant uncertainty" over the oil spill.
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