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BP Profit Drops 70% Amid Pivot Back To Oil And Gas

Amid Pivot
International Business Times Fews App News Provider
Fews App Post Time há 19h

BP and other oil majors have been hit by a recent slump in crude prices AFP 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. Profit after tax declined to $687 million, down from $2. 3 billion in the first three months of 2024, driven by weaker gas sales and lower refining margins, BP said in a statement.

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