BP slide 8 pct after miss .

BP to its loss last year and more job cuts onfor its fourth quarter, that even one of the oil is in the worst in over a .

The oil and gas , which is still with about $55 of costs from the oil spill in the Gulf of in 2010, said it would cut 7,000 jobs by the end of 2017, or 9 of its .

BP said it lost $6.5 in 2015 and its - cost , which is the 's of net , came in at $196 , well below of $730 .

BP fell as much as 8.5 and were 8.1 lower at 1136 GMT, the worst on the pan- 300 index and on track for their one-day fall since June 2010.

The 's 2015 loss shows that even its " to grow" after the rig in 2010, as the best for a weak oil , was to the of the oil since 2003.

" low oil , they're a or two away from to cut the , or some more ," said Jack , at .

are among most major oil but BP's weak and are to put on a that has had to . BP its 2015 at 10 cents per share.

BP's are the to show the large oil are a 70 slide in oil since the of 2014 that has them to cut tens of of jobs and slash .

BP's 2015 loss was than the loss of $4.9 it in 2010, even it took a $17.2 hit in the of that year after the in the Gulf of .

BP to when asked if the 's 2015 loss was the on .

,the U.S. Exxon Mobilfor its fourth quarter, its first loss last week in more than 13 years. Royal Dutch Shell is to a near of .

BP's poor came a day after and Poor's the on the path a and Shell's .

BP took a -than- hit at its oil and gas and of $2.6 in the of low oil , on in the Gulf of , the U.S. Utica shale in Ohio and Libya.

at said than in 2015 meant that BP took a hit from some of its oil and gas .

Brent oil $43 a in the of 2015, down from $76 a year . The poor is set to with Brent about $33 per in 2016 so far.

COST CUTS

BP said if the for than , it would be able to its costs to allow its sheet to break even below $60 a .

" for than , we that all the we are will more ," Chief Brian said in a .

The oil and gas is set to slash to its in six years in 2016 to $522 , a 22 fall to $595 in 2015, to .

It would be the first time since 1986 that the has cut for two years.

BP said its came to $18.7 in 2015, down from a $24-$26 , and it 2016 to be at the lower end of a $17-19 range.

BP costs by $3.5 last year and said it to reach $7 by 2017.

It plans to cut 3,000 jobs in its by the end of 2017, on top of 4,000 cuts in its oil and gas last year.

"We are to move to adapt and BP for the ," Chief Bob said in a .

lower from oil , BP's rose 5.4 to 2.26 of oil per day.

Its and , from cheap fuel , once again in oil and gas , BP that and over the to a year .

Like many of its peers, BP has the debt to plug the gap in to cover and . BP said it to its debt at . Its debt-to- ratio stood at 21.6 at the end of 2015.

By and Ron