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BP pledges strategy reset

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management.

Markets Insider · 12h

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,

The New York Times · 6h

BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in oil and natural gas production.

BP, Elliott

Barron's on MSN · 5h

BP Earnings Hit 4-Year Low. How the Elliott Stake Is Affecting the Stock.

The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

Reuters · 1d

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.

Markets Insider · 1d

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 Promises Big Changes After Attracting An Uninvited Guest

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

MoneyWeek7h

BP shares gain despite worst results since pandemic on activist investor hopes

BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...

BP is cheaper than its rivals. Now an activist investor has swooped in.

BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake ...

11h

BP: Q4 Earnings Snapshot

LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported a fourth-quarter loss of $1.96 billion, after reporting a profit in the same period a year earlier. On a per-share basis, the London-based ...

Newsable Asianet News on MSN7h

BP Stock Falls Premarket After Q4 Profit Miss: Retail Shrugs It Off

BP Plc (BP) stock fell 0.9% in premarket trade on Tuesday after the oil major’s fourth-quarter earnings missed analyst estimates. The London-based company’s underlying replacement cost profit fell to ...

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