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After deal for Russian subsidiary, BP hard to value Add to ...

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Missing you already, TNK-BP! That is one explanation for the frosty welcome on Tuesday for BP PLC’s second-quarter results. The oil company’s shares fell 5 per cent after it appeared to miss forecasts. But the picture is not so bleak. The main problem is that it remains unclear just what BP is getting from its new position in Russia. This all-new post-TNK, post-Macondo BP will take a bit of getting used to.

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  • BP PLC
  • Updated July 24 4:01 PM EDT. Delayed by at least 15 minutes.

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