Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Profit after tax tumbled to $381 ...

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy. Profit after tax tumbled to $381 ...

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to "fundamentally reset" its strategy.

Total revenues dropped nine percent to $195 billion. "We now plan to fundamentally reset our strategy and drive further improvements in performance," said chief executive Murray Auchincloss.

Total revenues dropped nine percent to $195 billion. "We now plan to fundamentally reset our strategy and drive further improvements in performance," said chief executive Murray Auchincloss. He said ...