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IS BP RIDING OUT THE THE SLUMP IN OIL PRICES?

<strong>MALCOLM GRAHAM-WOOD </strong>HANSONWESTHOUSE<br />&ldquo;Try as I might, I can&rsquo;t find any flaws in the numbers and the company is reaping the reward of the action taken by Tony Hayward, in particular to attack the cost base.&rdquo;<br /><br /><strong>TONY SHEPARD </strong>CHARLES STANLEY<br />&ldquo;These were a good set of figures from BP and sets a high benchmark for other oil &amp; gas companies reporting later in the week.&rdquo;<br /><br /><strong>GORDON GRAY </strong>COLLINS STEWART<br />&ldquo;The past year has been one of strong operational improvement for BP, but Shell remains our preferred European supermajor.&rdquo;<br />