Oil big BP’s income dropped sharply final yr with the agency saying it is going to “basically reset” its technique.
It’s extensively anticipated to say later this month that it’s going to cut back renewable tasks following related strikes from rivals together with Equinor.
BP’s web earnings fell to $8.9bn (£7.2bn) in 2024, down from $13.8bn the earlier yr.
It stated decrease oil and gasoline costs, plus decrease income from its refineries, had dented how a lot cash it had made.