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BP reports 40% drop in Q1 earnings, trailing behind industry peers amid low energy prices
BP reports 40% drop in Q1 earnings, trailing behind industry peers amid low energy prices
  • BP's latest financial results mark it as the last of the leading Western oil giants to disclose its earnings.
  • In contrast, Shell posted a robust net profit of $7.7 billion last week.
  • BP's cash flow decreased by 34% to $5 billion after restocking diesel and gasoline stocks ahead of the summer.
May 7, 2024

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