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BP P.l.c. (BP) Q1 2025 Earnings Call Transcript Summary
BP Asset Sales In Egypt, Trinidad Weigh On Q1 Production As Profit Falls
NXP Semiconductors, Brinker International, Ultra Clean, Sanmina And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
BP to Boot Strategy Chief After Elliott Pressure
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
