Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices

TotalEnergies profits drop as prices slide

TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms.

BP sees profits fall by 48% amid headwinds for industry

BP's profits fell by 48% in the first quarter as the struggling energy company eyes more cuts.

Big Oil’s Profit Decline Signals a Broader Industry Shift

Post-pandemic demand and the Ukraine invasion delivered windfall profits for oil and gas supermajors—but the rebound was short-lived. Falling prices, rising volatility, and accelerating clean energy investment have exposed structural weaknesses. To stay competitive, incumbents must rethink strategy. Emerging and state-backed players are already leading the way, leveraging diversification and innovation to future-proof their positions.BP logged a…

[London - Yumae Sotaro] British company BP announced on the 29th that its net profit for the January-March 2025 period was down 70% compared to the same period last year to $687 million (approximately 98 billion yen). Profits from the gas business slumped amid growing concerns about an economic slowdown due to the actions of the Trump administration in the United States. This, combined with the fall in crude oil prices, led to a deterioration in…

BP profits tumble after 'planet-wrecking' shift back to oil and gas

BP profits have tumbled in the first quarter of this financial year – as climate campaigners blasted the firm’s move away from green investments…

BP profit drops 70% amid pivot back to oil and gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.