LONDON, Feb 4 (Reuters) - BP posted a 37 percent drop infourth quarter profit due to a weaker performance in both itsproduction and refining businesses and said it would increasethe accounting provision for the 2010 oil spill by $200 million.
The company, the western world's no.4 oil company, onTuesday reported underlying replacement cost profit of $2.8billion for the fourth quarter of 2013, down from $3.9 billionin the same period a year ago, beating a consensus forecast of$2.7 billion.
BP also said the provision to cover the costs of the Gulf ofMexico spill had risen to $42.7 billion from $42.5 billion lastyear.
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