BP Plc reported second-quarter profit that missed analyst estimates after a boom in trading faded and the conflict in Libya forced almost $600 million of writedowns.
Profit adjusted for one-time items and inventory changes dropped 64 percent from a year earlier to $1.3 billion, BP said Tuesday. That missed the $1.7 billion average estimate of 17 analysts surveyed by Bloomberg. The net result, which included a previously reported charge for liabilities related to the 2010 Gulf of Mexico oil spill, was a $6.3 billion loss.
Brazil Energy Insight 
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