LONDON (AP) — BP says second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. The company said Tuesday that underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier. The company's net loss narrowed to $1.4 billion from $5.8 billion. BP took a pre-tax charge of $5.2 billion in the quarter for costs related to the Deepwater Horizon disaster in 2010.Read more on NewsOK.com