Oil big BP’s income dropped sharply final yr with the agency saying it can “essentially reset” its technique.
It’s broadly anticipated to say later this month that it’ll reduce renewable initiatives following related strikes from rivals together with Equinor.
BP’s web earnings fell to $8.9bn (£7.2bn) in 2024, down from $13.8bn the earlier yr.
It stated decrease oil and gasoline costs, plus decrease income from its refineries, had dented how a lot cash it had made.
