BP's has fallen into the proverbial litter tray of profit loss by losing 12% of it's income after an increase in health and safety and delcining price of oil. The higher spending on safety was after serious problems with their operating standards came under scrutiny after an explosion of a Texas refinery. For more infoemation on these see: http://jazzmanbuisness.blogspot.com/2007/01/bp-safety-procedures-criticised.html
If I was part of BP I wouldn't be worried for another few years there profits are still hovering around $4bn over 3 months mark and prices should be set to rise again soon as oil and gas runs out. Of course there will be a balance where the price and amount of oil being sold will equal each other out until people just can't afford it all and that is when BP will hit the fat.
They should be concentrating on moving into other sectors because if if they put all their eggs in one basket filled with unrenewable resources they will be screwed financially and as a business.
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