BP profits drop

BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
BP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
BP profits drop as it says it will reset strategy
Oil giant BP's profits dropped sharply last year with the firm saying it will "fundamentally reset" its strategy. It is widely expected to say later this month that it will scale back renewable projects following similar moves from rivals including Equinor.
BP’s Profit Falls More Than Expected; Announces $1.75 Billion Share Buyback
BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still launched a $1.75 billion quarterly buyback.
BP Q4 Preview: Profit may see sharp ~58% YoY fall
UK-headquartered energy giant BP (NYSE:BP) is scheduled to announce Q4 earnings report on Tuesday, February 11th, before the market opens, with expectations of a steep double-digit drop in profit and revenue.
BP set to scale back green investments as profits drop sharply
It said lower oil and gas prices, plus lower profits from its refineries, had dented how much money it had made. Five years ago BP set a target of 50GW of renewables generation capacity by 2030. That is expected to be abandoned on 26 February in a major change of strategy.
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