BP Sees Surprise Profit Gains on Refining, Trading

BP surprised the market by delivering a profit instead of the expected loss, thanks to cost-cutting measures and strong performance in refining and trading. The company has reduced its capital expenditures and is now able to balance its books with lower oil prices. However, future growth is uncertain and depends on oil price movements influenced by Saudi Arabia and Russia. BP and the industry are cutting costs across the board, affecting exploration and employment.

What sectors have been crucial in BP's recent financial success?

• Renewable energy

• Retail and marketing

• Real estate

• Refining and trading

What is BP's new breakeven oil price target to balance its books?

• $40-$45 per barrel

• $50-$55 per barrel

• $60-$65 per barrel

• $70-$75 per barrel

Which countries' actions are crucial for BP's future growth?

• United States and Canada

• Saudi Arabia and Russia

• China and India

• Brazil and Mexico

What area is BP likely to cut back on due to reduced capital expenditures?

• Research and development in renewables

• Shale exploration in the United States

• Retail expansion in Europe

• Marketing campaigns in Asia

What has been the impact of cost-cutting on BP's employee numbers?

• Increased by 10%

• Doubled

• Decreased by 10%

• Remained the same