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BP’s Profit Surge and Leadership Shift | Aberdeen News
Description
BP just smashed records with a $5.7 billion quarterly profit — its best in four years — fueled by soaring energy prices amid Middle East turmoil, sparking backlash from activists who accuse the company of profiteering while ordinary people battle rising bills and climate disasters. Under new CEO Meg O’Neill, BP is aggressively reshaping its future, selling off its US biogas unit Archaea and putting its historic UK North Sea operations up for sale, all part of a ruthless cost-cutting push to boost shareholder value and meet aggressive performance targets.
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