Market Talk Roundup: Weaker-Than-Expected Results Heap Pressure on BP's Management
BP Stock Falls as Earnings Miss, Buyback Cut. It's a Warning for Exxon, Chevron. -- Barrons.com
BP's Head of Strategy to Leave Amid Reset
Profit for energy giant BP nearly halved in the first quarter due to falling oil prices.
Affected by the drop in oil prices and strategic adjustments, BP's net income for the first quarter of 2025 was 1.38 billion dollars, nearly a 49% decrease year-on-year, falling short of market expectations. To rebuild investor confidence, BP announced a strategic reset in February, reducing investment in Wind Power and increasing spending on traditional Oil & Gas, but this move faced pressure from activist investor Elliott, who was dissatisfied with the company's pace of green transformation.
Biggest Stock Movers Tuesday: NXPI, BP, and More
BP Reports 48% Profit Drop as Strategy Chief Exits
