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Reuters

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Business & Economics

BP reports 48% profit drop as strategy chief exits

Reuters
Summary
Nutrition label

79% Informative

BP posts 48% drop in net profit to $1.4 billion on weaker refining and gas trading.

CEO Murray Auchincloss is under pressure from activist investor Elliott to improve profitability.

Elliott Investment Management had wanted a change of strategy chief as it seeks higher free cash flow through deeper cuts to spending and costs.

VR Score

89

Informative language

95

Neutral language

66

Article tone

semi-formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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