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BP Reports Lower-Than-Expected Profit of $1.38 Billion
LONDON (Reuters) - BP on Tuesday reported underlying replacement cost profit, the company's definition of net income, of $1.38 billion in the first quarter, below company-provided analyst expectations of $1.53 billion. Copyright 2025 Thomson Reuters.
BP Misses Q1 Profit Forecast With $1.4 Billion Earnings
BP (NYSE: BP) reported a first-quarter 2025 underlying replacement cost (RC) profit of $1.38 billion, missing analyst expectations, and announced a $750 million share buyback alongside progress on its upstream expansion and divestment strategy.
BP (NYSE:BP) looks like it is now on board with President Trump's "drill baby drill" mantra, saying Tuesday it is aiming to ...
BP Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in ...
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In the summer of 2010, panic spread across the region when the Deepwater Horizon oil rig exploded in the Gulf.
BP boss Murray Auchincloss isn’t powerless amid the turmoil. He has trimmed investments and has plans to do more. Elliott, meanwhile, wants him to go even further — which is easier to do when times ...
BP is reducing its quarterly share buyback program by $1 billion after reporting weaker-than-expected earnings, significantly ...
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With notorious activist investor Elliott demanding change, the energy giant said green energy chief Giulia Chierchia (pictured) will step down.
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BP profit drops 70% amid pivot back to oil and gasBritain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major ...
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 engineering, procurement, construction, and installation (EPCI) contract by bp to Subsea Integration Alliance ...
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