Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn). Funding for further oil and gas extraction will grow to $10bn (£7.9bn) annually as the business shifts focus back to its original mission of extracting fossil fuels.Money blog: BA named joint worst airline out of ...

We’ll soon see what will be revealed at BP’s (NYSE: BP ) capital markets day. Perhaps more will be shared regarding the recent news that was releasedAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BP over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving comp ...

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BP plc (BP) reported fourth-quarter 2024 adjusted earnings of 44 cents per American Depositary Share on a replacement-cost basis, excluding non-operating items. The figure lagged the Zacks Consensus Estimate of 56 cents. The bottom line also declined from the year-ago reported figure of $1.07.Total quarterly revenues of $48.1 billion lagged the Zacks Consensus Estimate of $57.7 billion and declined from $52.6 billion reported a year ago.Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ...

CEO of BP Murray Auchincloss speaks during the CERAWeek oil summit in Houston, Texas, on March 19, ... [+] 2024. (Photo by Mark Felix / AFP) (Photo by MARK FELIX/AFP via Getty Images)AFP via Getty Images British major integrated company BP announced plans on Monday for what it calls a “new beginning” in its continuing efforts to regain its footing and become more competitive with peer companies like Shell, Chevron, and ExxonMobil.“We now plan to fundamentally reset our strategy and drive further improvement ...

The shares of energy giants BP plc (NYSE:BP) and Phillips 66 (NYSE:PSX) are moving in opposite directions this morning. Below, let's take a closer look at what is driving their price action.BP Brushes Off Quarterly WinBP missed earnings estimates for the fourth quarter, and watched quarterly profits hit a four-year low, while annual profits missed estimates following a 35% decline. BP is down 0.4% to trade at $34.28 at last check, looking to snap a five-day win streak as it retreats from yesterday's surge t ...

BP p.l.c. (NYSE:BP) Q4 2024 Earnings Conference Call February 11, 2025 8:00 AM ET Company Participants Craig Marshall - Investor Relations Murray Auchincloss - Chief Executive Officer Kate Thomson - Chief Financial Officer Conference Call Participants Josh Stone - UBS Peter Low - Redburn Biraj Borkhataria - RBC Doug Leggate - Wolfe Al Syme - Citi Irene Himona - Bernstein Lydia Rainforth - Barclays Lucas Herrmann - Exane BNP Matt Lofting - JPMorgan Chris Kuplent - Bank of America Roger Read - Wells Fargo Ale ...

BP fell short of estimates with its fourth-quarter earnings, pointing to ongoing challenges amid its energy transition.BP (BP -0.70%), 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 $0.46 forecast. Revenue also missed estimates by $1.2 billion, recording $45.75 billion, down 12.3% year-over-year from $52.14 billion. Despite efforts to transition toward low-carbon energy, BP ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 for the period ended 11 February, 2025 BP p.l.c. (Translation of registrant's name into English) 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F |X| Form 40-F --------------- ------ ...

Full year and 4Q 2024 financial results 3Q 2024 financial results NICK #1 SVP investor relations Craig Marshall By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes may differ materially from those expressed in such statements, depending on a variety of factors, including: the extent and duration of the impact of current market condi ...