Why BP (BP) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of BP are down -2.84% to $49.20 on very heavy trading volume in early afternoon trade. While the oil and gas company reported that the second quarter underlying replacement cost profit increased to $3.6 billion, up 36% from a year ago, beating analysts' forecast of $3.49 billion,BP warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft, Reuters reports. BP makes about a third of its...