BP (LSE: BP) saw operating profits fall 20% year over year in its most recent quarter, but the company isnt taking the turmoil in the sector lying down. Its paying a hefty price to restructure the business to better reflect the lower price of crude, but that should pay dividends in the future
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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.