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BP to ‘Reset’ Strategy

BP is underperforming and under pressure

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that Elliott Investment Management, an aggressive activist hedge fund, has taken a substantial stake in the oil giant.

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.

Reuters · 5h

BP pledges strategy reset as annual profit falls by a third

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.

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.

Newsable Asianet News on MSN · 1d

BP Stock Rises Premarket On Reports Of Activist Investor Elliott Taking A Stake: Retail’s Bullish

BP Plc (BP) stock rose 6.7% in premarket trade on Monday and remained on track to open at its highest since August, on reports that Elliott Investment Management has built a stake in the oil major. Bloomberg News reported on Saturday that Elliott’s stake in BP was “significant” and that the activist investor believed that BP is ‘significantly undervalued and its performance is disappointing.

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 ...

7hon MSN

BP executive promises 'reset' after profits fell in 2024

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...

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 ...

6hon MSN

BP cuts senior leadership bonuses to 45% after missing 2024 financial targets, sources say

BP will cut bonuses for its senior leaders to 45% of target after the company missed some key financial goals in 2024, three ...

4hon MSN

BP cuts senior leadership bonuses to 45% after missing targets - Reuters

BP will cut bonuses for its senior leaders to 45% of target, Reuters reported, citing an internal memo, after the company ...

BP's Q4 disappoints as Elliott Mgmt. discloses stake in Phillips 66

Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...

9hon MSN

BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

BP’s ‘Fundamental Reset’ Sets High Bar for Auchincloss

The chief executive officer says he’s met with shareholders constantly this past year, and the market will like oil major’s ...

BP Expects Indiana Refinery to Run at Capacity in 2025 After Major 4Q Work -- OPIS

BP on Tuesday said it expects its 440,000 b/d refinery in Whiting, Ind., will run at full capacity this year after completing a major maintenance turnaround in the fourth quarter.

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BP to ‘Reset’ Strategy

BP, Elliott

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