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NEW YORK ( TheStreet) -- BP (NYSE: BP) hit a new 52-week low Tuesday as it is currently trading at $34.33, below its previous 52-week low of $35.10 with 1.9 million shares traded as of 9:35 a.m. ET. Average volume has been 10.9 million shares over the past 30 days. BP has a market cap of $113.9 billion and is part of the basic materials sector and energy industry. Shares are down 20.3% year to date as of the close of trading on Monday. BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products.