Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...
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 ...
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 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 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 ...
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
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BP posts 60% profit drop as CEO promises ‘fundamental reset’ of strategy
UK supermajor BP saw its profit drop 60% in the fourth quarter of 2024, slightly missing analyst forecasts, as chief ...
BP boss vows to ‘reset’ strategy after annual profits slump
BP boss vows to ‘reset’ strategy after annual profits slump - The FTSE 100 firm reported a 36% drop in profits to £7 billion, ...
BP Pledges Strategy Reset as Annual Profit Falls by a Third
(Reuters) - BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in ...
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BP's Strategic Overhaul: Navigating Profit Decline and Investor Demands
BP CEO Murray Auchincloss announced plans to reset the company's strategy after a 35% decrease in annual profits, missing ...
BP vows ‘fundamental reset’ as profit plunges
BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.