BP provided earnings guidance for the year 2015. For the year, the company expects to announce a near 70% collapse in underlying profits as low oil prices continue to take their toll. The headline figures will be even worse once one-off charges are included.

For 2015 as a whole, BP is expected to report underlying profits of $6.4 billion - almost half what they were in 2014. The average price of Brent crude fell the last quarter from around $77 a barrel to $44, a 43% fall, but the BP results have also been hit by other factors.