BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep ...

Profit at oil and gas giant BP slumped by nearly 50 per cent in the fourth quarter of last year as the group took hefty ...

BP has posted its lowest earnings in four years after fourth-quarter profit fell to $1.17 billion from $2.99bn in the corresponding period last year on weak margins in its refining business.