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BP pledges strategy reset

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 and a bigger investment in oil and natural gas production.

YAHOO!Finance · 5h

BP vows ‘fundamental reset’ as it retreats from net zero

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all investment into renewable energy as part of a “fu

Reuters on MSN · 9h

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 shares surge

Barron's on MSN · 9h

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.

Seeking Alpha on MSN · 1d

BP shares surge as activist investor Elliott builds stake

BP (NYSE:BP) +6.7% pre-market Monday, poised to open at its highest since August, after activist investor Elliot Management was reported to have taken a significant stake in the company. Elliott believes BP (NYSE:BP) is significantly undervalued and is seeking to boost shareholder value by pushing the company to consider "transformative measures"

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 ...

The Economist4h

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 ...

1hon MSN

BP sees Indiana refinery running at capacity this year after major Q4 maintenance

BP expects its Whiting refinery in Indiana will run at full capacity this year after completing a major maintenance ...

10hon 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 ...

BP’s Brazil Head Will Take Over Bioenergy Unit after CEO Exit

The head of BP Plc in Brazil will take over as the top boss of the company’s sugar and ethanol unit, replacing an executive ...

17hon MSN

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.

Millionaire made in Savannah with winning Fantasy 5 ticket. How much did they win?

A Georgia lottery player in Savannah stuck gold Monday by winning a staggering $1,297,317 in the Fantasy 5 drawing. The ...

Georgia Lottery player in Savannah becomes a millionaire

SAVANNAH, Ga. (WTOC) - One lucky Georgia Lottery player in Savannah hit the jackpot and is now a millionaire! The player won ...

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BP pledges strategy reset

BP shares surge

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