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International Business Times
International Business Times
Science

Oil Giant BP Surprises With Better Than Expected Earnings

British Petroleum Oil Derren Nathan Murray Auchincloss Shell
BP has launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment (Credit: AFP)

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs.

The British group's return to profit in the second quarter contrasted with weaker results from energy rivals, as lower exceptional charges offset falling oil prices.

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