welcome
BBC

BBC

Business

Business & Economics

BP profits drop as it says it will reset strategy

BBC
Summary
Nutrition label

69% Informative

BP 's net income fell to $ 8.9bn ( 7.2bn ) in 2024 , down from $ 13.8bn the previous year .

Lower oil and gas prices, plus lower profits from its refineries, had dented profits.

Five years ago BP set a target of 50GW of renewables generation capacity by 2030 .

That is expected to be abandoned on 26 February .

VR Score

77

Informative language

79

Neutral language

51

Article tone

semi-formal

Language

English

Language complexity

45

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

no sources

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.