BP to ramp up asset sales as it reports fall in profits
Oil and gas company says it will review portfolio and push to dispose of parts of the business fasterBusiness live – latest updatesBP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in its latest quarter.The company reported an...
<p>Oil and gas company says it will review portfolio and push to dispose of parts of the business faster</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/nov/04/tax-rises-inevitable-rachel-reeves-budget-speech-borrowing-pound-stock-markets-business-live-news">Business live – latest updates</a></p></li></ul><p>BP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in its latest quarter.</p><p>The company reported an underlying profit of $2.2bn (£1.7bn) in the three months ended in September. It marked a slowdown against its previous quarter, when it made a profit of $2.4bn, but beat analyst expectations of $1.98bn.</p> <a href="https://www.theguardian.com/business/2025/nov/04/bp-asset-sales-fall-in-profits-oil-gas">Continue reading...</a>
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