British energy giant BP is reporting its annual profits have fallen by 51 percent to 5.9 billion US dollars through this past year.

2015年英国石油公司年利率下跌51%，达到59亿美元。

It represents BP's biggest loss in over 20 years.

The company is attributing this mostly to slumping oil prices, which have dropped by around 75-percent since mid-2014.

In announcing its annual losses British Petroleum has also announced an additional 3-thousand job cuts by the end of 2017.

The latest job cuts will affect positions in its downstream business including refining, marketing and distribution.

BP shares in London dropped around 9-percent on Tuesday.