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BP Reports Financial Losses in Q4 2024 Amidst Annual Profit Decline

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BP Reports Financial Losses in Q4 2024 Amidst Annual Profit Decline

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An update from BP ( (BP) ) is now available.

In its recent Form 6-K filing for February 2025, BP p.l.c. reported its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a loss of $1,620 million in the fourth quarter, with a loss attributable to BP shareholders amounting to $1,959 million. Despite the fourth quarter losses, the full-year results showed a profit of $1,229 million, although significantly lower than the $15,880 million reported in 2023. This downturn highlights challenges BP faced in 2024, impacting its financial performance and possibly influencing its strategic positioning within the energy sector.

More about BP

YTD Price Performance: 15.00%

Average Trading Volume: 10,829,427

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $83.89B

For a thorough assessment of BP stock, go to TipRanks’ Stock Analysis page.

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