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Oil Price - BP profits halve as lower oil prices take toll
06-02-2024 02:26
BP has revealed profits halved last year as lower oil prices took their toll. The oil giant reported underlying replacement cost profits – the company’s preferred measure – of $13.8bn (£11bn), down 50pc from the record $27.
BP shares rise 6% after British oil giant announces plans to boost shareholder returns
British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices.