BP Posts Loss Amid Oil Declines, But Underlying Profit Tops Estimates

BP reported fourth quarter financial results on Tuesday morning and the oil giant was hit hard by the slide in crude prices, posting a loss of $969 million, after taking a $3.6 billion dollar charge. BP CEO Bob Dudley also commented in a statement on the precipitous drop in oil prices: "We have now entered a new and challenging phase of low oil prices through the near and medium term." TheStreet's Scott Gamm speaks with Alastair McCaig, a markets analyst with IG Markets for analysis of the company's earnings, the impacts of low energy prices on BP and what's ahead for the stock in 2015.