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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

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Summary
Nutrition label

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.

VR Score

86

Informative language

88

Neutral language

34

Article tone

informal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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