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News  ›  Benzinga

Britain's BP Trims Spending For Profit Growth To Offset Lower Oil Prices

Benzinga Logo Benzinga By Lekha Gupta
Britain's BP Trims Spending For Profit Growth To Offset Lower Oil Prices

BP reported Q3 2025 earnings of 85 cents per share, exceeding estimates, with revenue of $48.42 billion. The company plans to cut costs, sell assets, and refocus on oil and gas operations under pressure from activist investors.

Insights
BP   neutral

Mixed financial performance with earnings beating estimates but revenue falling short. Company is strategically repositioning through cost cuts and asset sales in response to shareholder pressure.