BP has paused share buybacks and hiked its cost savings target as it revealed sharply lower annual profits amid steep falls in oil prices. The FTSE 100 oil giant unveiled a 16 per cent drop in ...
British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $1.4 billion for the first three months of the year. That missed analyst expectations of $1.6 billion ...
BP (BP) wrote down $5.4B in renewable energy assets. It suspended buybacks and is returning to upstream oil. Oil majors that invested heavily in renewable projects have underperformed those that ...