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BP reports 48% profit drop

BP reports 48% profit drop as strategy chief leaves

BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy chief as it tries to shore up investor confidence.

Daily Sabah · 21h

BP profit plunges in Q1 amid strategy overhaul, lower oil prices

BP reported on Tuesday financial results for the first quarter that indicated the company's net profit plunged sharply compared to the same period

YEN.com.gh on MSN · 21h

BP profit drops 70% amid pivot back to oil and gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business. Under pressure from investors, BP is in the midst of a major reset that saw it shelve its once industry-leading carbon-reduction targets to focus on fossil fuel output deemed more profitable.

BP, Louisiana LNG and Woodside Energy

Seeking Alpha on MSN · 1h

Woodside Energy signs gas supply deal with BP for Louisiana project

Woodside (NYSE:WDS) signed an agreement with BP (NYSE:BP) on Tuesday for the integrated energy major to supply natural gas to the Louisiana LNG project. This agreement represents the first tranche of a diversified portfolio of feedgas that will support the Louisiana LNG project,

Reuters · 7h

Australia's Woodside Energy signs LNG supply deal with BP for Louisiana project

Australian oil and gas major Woodside Energy said on Wednesday it had signed a supply deal with BP , under which the British energy giant would supply natural gas to its Louisiana liquefied natural gas (LNG) project.

Capital Brief on MSN · 6h

BP to supply gas to Woodside’s US LNG project

Woodside Energy has signed an agreement with BP to supply gas to its upcoming Louisiana LNG project in the US. The numbers: Under the deal, Louisiana LNG Gas Management has committed to purchase up to 640 billion cubic feet of gas from BP on a long-term basis,

20h

BP CEO Says He Can Stick To His Reset Plan With Oil Below $70

BP Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in ...

19hon MSN

BP Stock Tumbles on Worse-Than-Expected Q1 Results, Reduced Buyback

U.S.-listed shares of BP fell in premarket trading Tuesday after the British energy giant posted lower-than-estimated ...

16h

Elliott’s activist bet on BP goes from slick to slippery

BP boss Murray Auchincloss isn’t powerless amid the turmoil. He has trimmed investments and has plans to do more. Elliott, meanwhile, wants him to go even further — which is easier to do when times ...

OilPrice.com19h

BP Slashes Buybacks as Cash Flow Tumbles

BP is reducing its quarterly share buyback program by $1 billion after reporting weaker-than-expected earnings, significantly ...

21h

BP's Head of Strategy to Leave Amid Reset

BP said its head of strategy will leave the business as it continues to simplify its structure under its reset strategy. The British oil major said Tuesday that Giulia Chierchia will step down from ...