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BP pledges ‘fundamental reset’ of strategy

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.

Reuters · 1h

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business.

The Financial Times · 47m

BP pledges ‘fundamental reset’ of strategy as profits sink

BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep drop in profits for the final quarter of last year.

BP, Elliott

Reuters · 18h

BP shares climb on prospect Elliott stake will drive change

Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.

Bloomberg L.P. · 12h

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

Business Insider · 21h

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.

48mon MSN

BP's quarterly earnings at four-year low as weak margins dent refining business

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as ...

23h

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 ...

46mon MSN

BP’s Profit Falls More Than Expected; Announces $1.75 Billion Share Buyback

BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still ...

11h

BP Set To Report Q4 Earnings As Elliot Management Builds Stake: Declining Margins, Revenues In The Spotlight

BP shares are trading higher Monday after activist investment fund Elliot Management built a stake in the British oil company.

51m

BP 4Q Replacement Cost Loss of $1.95B

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...

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BP pledges ‘fundamental reset’ of strategy

BP, Elliott

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