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.
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 "significant" stake in the British oil giant.
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 executive Murray Auchincloss promised the company strategy is ripe for a “fundamental reset”.
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 new direction.
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.
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 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 Touts ‘New Beginning,’ Fundamental Change in Strategy
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund Elliott Management is pushing for change at the company.
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 faces pivotal moment: Board in firing line as activist Elliott sets scene for shake-up
Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...
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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 outlines strategic reset with focus on refining improvements and upstream growth in 2025
Q4 2024 Management View CEO Murray Auchincloss highlighted significant strategic progress in 2024, including 10 new final investment decisions (FIDs), such as Kaskida and Tangguh, new access in Iraq ...
FTSE 100 Live 11 February: BP strategy reset in focus after profits fall, Entain shares slide on CEO exit
A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.
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BP's Strategic Overhaul Amidst Falling Profits
BP CEO Murray Auchincloss announced plans to fundamentally revise BP's strategy after the company reported a 35% drop in ...
BP's quarterly earnings at four-year low as weak margins dent refining business
The 61% drop in quarterly profit from last year, coming just days after reports of activist investor Elliott Investment ...
BP profits slump to four year low as activist shareholder circles
Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further ...