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BP begins costs review as quarterly profits of £1.77bn beat forecast

The GuardianTuesday, August 5, 2025 at 11:30:28 AM
NeutralFinancial MarketsCorporate Earnings
BP begins costs review as quarterly profits of £1.77bn beat forecast
BP reported quarterly profits of £1.77 billion, which exceeded expectations, but the oil and gas giant is still launching a cost-cutting review to appease shareholders and fend off activist investors. The company acknowledged it "can and will do better" for investors, signaling a focus on financial efficiency despite strong earnings.
Editor’s Note: Even when companies like BP post big profits, they’re still under pressure to cut costs and maximize returns for shareholders—especially with activist investors watching closely. This shows how corporate success isn’t just about revenue but also about managing expectations and keeping investors happy.
— Curated by the World Pulse Now AI Editorial System

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