BP Faces a Steep 69% Drop in Q1 Profits Amid Market Challenges
BP plc reports a 69% drop in Q1 2025 profits to $687 million, citing lower operating cash flow and weak gas marketing. Despite challenges, the company increases dividends and highl...
refining margins News
BP Announces Major Workforce Reduction: 4,700 Jobs and 3,000 Contractor Positions to Be Cut
BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...
BP Anticipates Significant Impact on Q4 Earnings Due to Declining Refining Margins
BP predicts a significant impact on its Q4 earnings due to weaker refining margins, with expected profit reductions and production declines across key segments. The company remains...
