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Business & Economics

BP profits drop as it says it will reset strategy

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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

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