Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices

BP profits tumble after 'planet-wrecking' shift back to oil and gas

BP profits have tumbled in the first quarter of this financial year – as climate campaigners blasted the firm’s move away from green investments…

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.

British oil company BP reported a 30 percent year-on-year decline in net profit in the first quarter to $687 million (CZK 15 billion), the company said in a press release on Tuesday. BP bought back $750 million (CZK 16.43 billion) in shares, the lower end of its planned range, and said it plans to buy back another $750 million in shares this quarter.

BP reports 48% profit drop on weaker gas, refining business

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

BP profits halve as oil major struggles to turn around business

FTSE 100 group plans to sell at least $3bn-$4bn of assets this year as it seeks to reduce debts

BP Cuts Buyback as Profit Misses Estimates and Net Debt Rises

BP Plc cut its quarterly share buyback to $750 million, at the bottom of its target range, as lower oil prices and rising debt tested its balance sheet.