BP's Q4 Profit Drops, Strategy Reset
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•Business
Business & Economics
British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

81% Informative
BP posts sharp drop in fourth-quarter profit, pledging to "fundamentally" reset strategy.
CEO Murray Auchincloss says company has been "reshaping" portfolio with "strong progress" in cutting costs.
Firm's net debt hit just shy of $23 billion in the fourth quarter , increasing 10% year-on-year .
Oil majors have weathered a turn in tide over the past year , as crude prices retreated.
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