LONDON (AP) _ BP PLC (BP) on Tuesday reported a second-quarter loss of $16.85 billion, after reporting a profit in the same period a year earlier.

The London-based company said it had a loss of $5 per share. Losses, adjusted for non-recurring costs, were $1.98 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 99 cents per share.

The oil and gas company posted revenue of $31.19 billion in the period.

BP shares have fallen 41% since the beginning of the year. The stock has declined 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BP at https://www.zacks.com/ap/BP

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