Source: International Business Times
BP and other oil majors have been hit by a recent slump in crude prices AFP Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business. Profit after tax declined to $687 million, down from $2. 3 billion in the first three months of 2024, driven by weaker gas sales and lower refining margins, BP said in a statement.
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