Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Michael Hunter

BP plans cost cutting alongside multi-billion payday for investors as profits miss forecasts

BP underlined its multi-billion-dollar investor payout plans today, even as it pledged to cut costs and profits at the UK’s second-biggest energy major fell further than City experts expected.

The trading update from the £86 billion multinational re-ignited the controversy about bumper paydays from the energy sector after the cost-of-living crisis

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.