BP pledged to be “a basic reset” of the strategy while leaving profits

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BP has pledged mainly to “re -set” its strategy and improve its performance, as he informed Major Major, who struggles with a sharp decrease in profits for the last quarter of last year.

On Tuesday, the group informed basic profits of $ 1.17 billion for this period, as it decreased by almost half compared to the previous quarter and much less than the $ 2.99 billion achieved in the fourth quarter of 2023.

CEO Murray Usinglos faced calls to determine a new strategy after several quarters of the disappointing results, anxiety from pushing the aggressive group to renewable energy sources and a share of the competitors’ late.

In a statement on Tuesday, Auchincloss pledged to increase “cash flow and returns” and said he would reveal “a new direction for BPOn an investor on February 26.

The pressure on BP intensifies this week after it appeared that the American activist Eliott Management He built a share In the company.

While the size of Elliot’s share is unclear, another shareholder in BP said that the group’s ability means that the change in the oil specialization in London is inevitable now.

This is a developing story