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Reuters

Reuters

Business

Business & Economics

BP's quarterly earnings at four-year low as weak margins dent refining business

Reuters
Summary
Nutrition label

81% Informative

BP 's fourth-quarter profit fell to $1.17 billion on Tuesday , marking the lowest earnings for the oil major in four years .

The 61% drop in quarterly profit from last year has heightened investor hopes for board changes and strategic shifts to boost returns.

BP 's results were the weakest since the fourth quarter of 2020 , when profits plummeted during the pandemic.

VR Score

91

Informative language

97

Neutral language

74

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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