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Home » Finance » BP Aims for $2 Billion in Cost Cuts by 2026 Amid Disappointing Profits
Finance

BP Aims for $2 Billion in Cost Cuts by 2026 Amid Disappointing Profits

By Patrick VaughnMay 7, 20242 Mins Read
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Credit: Weixi Zeng
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Global energy giant BP has unveiled plans to slash $2 billion in costs from its operations by the conclusion of 2026, following a lackluster performance in the first quarter of the year that fell short of market expectations. The company reported an underlying replacement cost (RC) profit of $2.7 billion for the quarter, a decline

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