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05.08.25 - 13:42
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BP begins costs review as quarterly profits of £1.77bn beat forecast (The Guardian)
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Oil and gas group trying to fend off activist investors says it 'can and will do better' for its shareholdersBusiness live – latest updatesThe oil and gas group BP is launching a fresh cost-cutting scheme, despite reporting better-than-expected profits, as it tries to do more for its shareholders to fend off pressure from activist investors.It said it would begin a fresh review of its business when its new chair joins in September. Continue reading......
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05.08.25 - 09:00
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BP launches fresh costs review despite beating profit forecasts – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsBP is also planning to pump more cash to its shareholders.The company is raising its quarterly dividend by 4 per cent to 8.32 cents a share, subject to board approval.In advance of chair elect, Albert Manifold joining the board on 1 September, he and I have been in discussions and have agreed that we will conduct a thorough review of our portfolio of businesses to ensure we are maximizing shareholder value moving forward - allocating capital effectively.We are also initiating a further cost review and, whilst we will not compromise on safety, we are doing this with a view to being best in class in our industry. Continue reading......
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05.08.25 - 08:48
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BP-Gewinn sinkt nicht so stark wie befürchtet (Moneycab)
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BP hat im zweiten Quartal wie die Konkurrenz wegen des schwachen Ölpreises weniger als vor einem Jahr verdient. Allerdings fiel das Ergebnis des Öl- und Gaskonzerns deutlich besser als von Experten erwartet aus....
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