BP revenue Q4 2024

British oil majors BP On Tuesday, it recorded a sharp decline in fourth quarter profits and pledged to “fundamentally” reset the energy company’s strategy.

According to LSEG polls, energy companies are used as net profits used as net profits used as proxy for net profits. .

After Russia’s 2022 invasion of Ukraine and Western and G7 sanctions on Moscow barrels, oil majors have overcome the trend over the past year as crude prices recedes after initial support. January trade updateBP flagged higher company costs, and in the lower quarter of the fourth quarter, a one-off fee related to the acquisition of refinement margins and its bioethanol.

BP has seen a significant decline in colleagues’ performance, with stocks falling by around 9% last weekend. shell. Following weekend reporting, activist investor Elliott Management could build stocks on struggling oil majors, putting pressure on energy companies to shift gears for core oil and gas businesses The stock was acquired following reports that it promoted speculation that it was sexual.

Otherwise, speculation has long been mounted as to whether BP could become a potential acquisition target, but the company’s £74 billion size could pose a challenge for suitors.

BP tried to pass the property. A big reorganization This included a reduction in leadership as BP CEO Murray Auchicloss strives to achieve at least $2 billion in cash savings by the end of 2026. Reduce 4,700 roles And it was revealed last week Looking for a buyer For its ruhr oel gmbh made in Germany. However, concerns remain in the clarity of BP’s strategic direction amid the vast green energy ambitions.

In a memo on Friday, RBC analysts stressed that BP left the key point whether BP will adjust its balance sheet through slowing its stock repurchase program. Previously.

“Analysts emphasize that other challenges of the company are related to poor capital allocation, analysts, analysts, analysts, analysts, analysts, analysts, analysts, analysts, analysts, The list said it noted that analysts pointed out, analysts pointed out, analysts pointed out, analysts pointed out, analysts pointed out, analysts pointed out, analysts pointed out. It exacerbated the potential for revenue.

This fast news article has been updated