BRITISH PETROLEUM MAPS STRATEGY FOR CONTINUED GAINS

David Knott International Editor What do you say about a year in which your operating profit is down 20%, net profit is down 40%, and you have a major restructuring charge in which your books show you have a loss of 350 million in charges and asset write-downs? David Simon, chief executive of British Petroleum Co. plc, asked that rhetorical question at the announcement of the company's results for 1992. He answered that figures for fourth quarter 1992 showed improvement over the same

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