BP Profits Surge as It Exits Bay du Nord | Calgary News

BP just smashed earnings with a $3.9 billion profit—more than double last year—despite global energy chaos fueled by the Iran conflict. The company’s CEO says this success proves they’re being smarter with investments, and that means walking away from the costly Bay du Nord oil project off Newfoundland. BP is selling its stake to Equinor, who’s still deciding whether to push ahead. This move signals BP’s new strategy: stay disciplined, focus on high-return projects, and trim operations to match their current size and goals. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e9ec7c76592ae650