BP to Scale Back Renewables
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Business & Economics
BP profits drop as it says it will reset strategy

69% Informative
BP 's net income fell to $ 8.9bn ( 7.2bn ) in 2024 , down from $ 13.8bn the previous year .
Lower oil and gas prices, plus lower profits from its refineries, had dented profits.
Five years ago BP set a target of 50GW of renewables generation capacity by 2030 .
That is expected to be abandoned on 26 February .