BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies.
BP PLC (LSE:BP.) shares rose over 2% to a four-month high after the company beat quarterly profit expectations, ruled out a listing move to the US and said it plans to go further on reshaping the company.
BP PLC (LSE:BP.) beat expectations for second-quarter earnings and unveiled a larger-than-expected dividend and a new $750 million share buyback.
BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35 billion, beating the average $1.82 billion in a company-provided poll of analysts.
Beyond analysts' top-and-bottom-line estimates for BP (BP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
British oil and gas giant BP (BP) on Monday announced that it has made its biggest oil and gas discovery in more than two decades thanks to a drilling operation off the coast of Brazil.
BP PLC (LSE:BP.) has announced its largest oil discovery in 25 years, in the Bumerangue block offshore Brazil.
BP will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor Elliott Management, which is urging the energy major to take stronger action to reduce its operating expenses, the Financial Times reported on Monday.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for BP (BP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.
BP set to report Q2 earnings on Aug. 5, with forecasts of lower profits but stronger top-line growth.
BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the closing of the recent trading day, BP (BP) stood at $32.25, denoting a -2.15% move from the preceding trading day.