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BP in reset mode as Q1 profits slip back

Gas
April 29, 2025

Global energy giant BP posted a $1.4bn profit in the first quarter of 2025, about half its first-quarter profit a year ago, as a mix of corporate and market challenges impacted performance.

CEO Murray Auchincloss pointed to market volatility and economic uncertainty for the weaker results. BP is also in the midst of a ‘resetting strategy’ and is reallocating capital.

The reset, , marks a fundamental shift, aiming to prioritise oil and gas while reducing investment in low-carbon energy and renewables – and followed a 35% drop in annual profits to $8.9bn.

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Gas
November 18, 2025

In memoriam: Martin Adams

Martin Lawless Adams, one of the founders of DataOnline, which later became Anova, has sadly passed away 31st October, in Jupiter, Florida, at the age of 74. Adams was born…

Gas
November 18, 2025

In memoriam: Martin Adams

Martin Lawless Adams, one of the founders of DataOnline, which later became Anova, has sadly passed away 31st October, in Jupiter, Florida, at the age of 74. Adams was born…