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The move comes after BP's share price slumped more than 10% in 2024. BP has struggled in recent years as it attempts to balance its core businesses, like oil and gas, with renewable energy.
Price Action: BP shares are down 2.93% at $30.14 premarket at the last check Tuesday. Read Next: BP Stock Drops As Crude Oil Prices Fall Ahead Of Q3 Earnings Report
BP (NYSE:BP), a global oil and gas company, released its fourth-quarter earnings on Feb. 11, 2025, showing results below expectations. The company reported an EPS of $0.44, which fell short of the ...
Oil prices were lower by nearly 10% Monday morning and likely have more downside potential as we will "likely see negative demand" for the commodity this year, BP (NYSE: BP) CFO Brian Gilvary said ...
BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources familiar ...
Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year's total to half its record 2022 profit as energy prices ...