Reports Q4 revenue $48.08B, consensus $47.51B. CEO Murray Auchincloss said: “In 2024 we laid the foundations for growth. We have been reshaping our portfolio – sanctioning new major projects, and focusing our low-carbon investment – and we have made strong progress in reducing costs. Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance, all in service of growing cash flow and returns. It will be a new direction for bp (BP) and we look forward to sharing it at our Capital Markets Update on 26 February.”
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