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BP Announces Strategy Reset

BP promises fundamental reset as Q4 profit hit four-year low

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake.

Business Insider · 18m

British Oil Major BP Vows Strategy Reset as Profits Slide to 4-Year Low

British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a four-year low,

CNBC on MSN · 1h

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.

BP, Elliott

Reuters · 19h

BP shares climb on prospect Elliott stake will drive change

Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns.

Bloomberg L.P. · 13h

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

Business Insider · 22h

BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as ...

BP 4Q Replacement Cost Loss of $1.95B

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...

KTAR News2d

3 men arrested near Tucson after fleeing from Border Patrol

Tucson Border Patrol agents arrested three men on Tuesday near the Arizona southern border, after they tried to flee from law ...

'Radio silence': A look at Arizona's southern border 2 weeks into Trump's presidency

NOGALES, Ariz. — It's been two weeks since President Donald Trump took office and announced a long list of executive orders, ...

Exclusive: BP poised to invest up to $25 billion in Iraq’s Kirkuk oil and gas

Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas ...

BP's Quarterly Earnings at Four-Year Low as Weak Margins Dent Refining Business

(Reuters) - BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in ...

50mon MSN

BP Announces Strategy Reset to Focus on Cash Flow, Returns

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

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BP Announces Strategy Reset

BP, Elliott

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