{"id":336029,"date":"2020-02-05T11:30:35","date_gmt":"2020-02-05T06:00:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336029"},"modified":"2020-02-05T11:30:35","modified_gmt":"2020-02-05T06:00:35","slug":"bp-says-annual-net-profit-slides-to-4-bn-in-2019","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-says-annual-net-profit-slides-to-4-bn-in-2019\/","title":{"rendered":"BP says annual net profit slides to $4 bn in 2019"},"content":{"rendered":"<p>British energy giant BP on Tuesday said annual net profit slid to USD 4.0 billion last year, hit by weaker oil prices, as long-time chief executive Bob Dudley bowed out. The figure was down sharply compared with profit after tax of $9.38 billion in 2018, the company said in a statement marking the end of American Dudley&#8217;s time at the helm.<\/p>\n<p>It was announced in October that Bernard Looney, head of BP&#8217;s upstream division, would replace Dudley. &#8220;After almost ten years, this is now my last quarter as CEO,&#8221; Dudley said in Tuesday&#8217;s statement. &#8220;In that time, we have achieved a huge amount together and I am proud to be handing over a safer and stronger BP to Bernard and his team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British energy giant BP on Tuesday said annual net profit slid to USD 4.0 billion last year, hit by weaker oil prices, as long-time chief executive Bob Dudley bowed out. The figure was down sharply compared with profit after tax of $9.38 billion in 2018, the company said in a statement marking the end of American Dudley&#8217;s time at the helm. It was announced in October that Bernard Looney, head of BP&#8217;s upstream division, would replace Dudley. &#8220;After almost ten years, this is now my last quarter as CEO,&#8221; Dudley said in Tuesday&#8217;s statement. &#8220;In that time, we have achieved [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-336029","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336029"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336029\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}