BP (BP.L) this week reported a deeper-than-expected 48 per cent drop in net profit to $1.4 billion on weaker gas trading and refining results and announced the departure of its strategy chief as it tries to shore up investor confidence.
Under pressure to improve profitability and cut costs CEO Murray Auchincloss has announced plans to sell $20 billion of assets through to 2027 and reduced spending and share buybacks.
The
