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BP's creeping costs

26 October 2004 By Fiona Maharg-Bravo

The oil and gas giant has spooked investors by upping its capex spend. What s worse, it is due to rising costs, and not new projects. BP isn t alone in finding it more expensive to run the business. But with volumes outside Russia falling, the trend can only worsen. The oil and gas giant has spooked investors by upping its capex forecast. What s worse, this is due to rising costs, not new projects. BP isn t alone in finding it more expensive to run its business. But with production outside Russia falling, the trend can only worsen.

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