BP reports a sharp drop in profit in the first quarter from weaker oil prices

British oil giant PP On Tuesday, a little weaker than expected, a net income in the first quarter after a recent strategic reset and a downturns in the raw prices.

A embarrassed Major Oil and Gas places the main income for replacement used as a proxy for net profit, $ 1.38 billion in the first three months of the year. According to a consensus consisting of LSEG, he missed $ 1.6 billion.

Net BP income has suffered 2.7 billion dollars a year earlier and 1.2 billion dollars In the last three months of 2024.

The results come when the energy major faces fresh pressure from the investor activists less than two months after the announcement A Strategic reset.

Seeking to restore investors’ confidence after a prolonged period of lack of work compared to peers in the industry, in February promised to reduce renewable costs and increase annual costs for the main oil and gas business.

A green turn strategy like went publicly Last week with a share of more than 5% at the London firm.

According to LSEG, the disclosure of information is made by the second largest shareholder BP after BlackRock, the world’s largest asset manager, according to LSEG.

It was first reported that Elliott took the post in the oil and gas company in February, causing a stock stock against the background that his participation could put pressure on the PD to transfer the transfer back to the oil and gas business.

It is noteworthy that BP suffered a shareholder uprising on its Annual General Meetings Earlier this month. Almost a quarter (24.3%) investors expressed against re -election The chair that goes outA symbolic result that reflected a sense of deep disappointment among the shareholders of the firm.

– RUXANDRA IDACE in this report submitted this report.

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