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BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness

Oil Gas Leads

A key advantage: many of these discoveries are located near existing infrastructure, allowing BP to tie back new wells quickly and cost-effectively. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion (up from $1.2 billion in Q4 2024) Pre-tax Earnings (RCPBIT): $4.5