Underlying replacement cost profit for the quarter was $3B vs. $4.8B last year. Reported profit for the quarter was $371M vs. $10.8B last year. Murray Auchincloss, CEO, said, “Looking back, 2023 was a year of strong operational performance with real momentum in delivery right across the business. And as we look ahead, our destination remains unchanged – from IOC to IEC – focused on growing the value of bp. We are confident in our strategy, on delivering as a simpler, more focused and higher-value company, and committed to growing long-term value for our shareholders.”
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