BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
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 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 ...
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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 ...
Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises
Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises - Activist investor Elliott Management is ...
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Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake
Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...
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 ...
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 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 Urges BP to Ditch Green Investments as it Builds 5% Stake
Elliott Management, the activist investor, has built a stake of almost 5% in BP (BP) and is pressing the oil producer to abandon its green ...
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.