Paul Cheng's questions to BP PLC (BP) leadership • Q4 2024
Question
Paul Cheng from Scotiabank asked which specific business areas were causing the 2025 EBITDA to track slightly below the initial target range.
Answer
CFO Katherine Thomson identified two main areas: suppressed bio margins in Europe due to mandate rollbacks and oversupply, and a slower-than-expected recovery from the trucking recession impacting the recently acquired TravelCenters of America (TA).