BP reported fourth quarter financial results on Tuesday morning and the oil giant was hit hard by the slide in crude prices, posting a loss of $969 million, after taking a $3.6 billion dollar charge. BP CEO Bob Dudley also commented in a statement on the precipitous drop in oil prices: “We have now entered a new and challenging phase of low oil prices through the near and medium term.” TheStreet’s Scott Gamm speaks with Alastair McCaig, a markets analyst with IG Markets for analysis of the company’s earnings, the impacts of low energy prices on BP and what’s ahead for the stock in 2015.
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