bp murray auchincloss - Search News

BP Vows ‘Fundamental Reset’ in Strategy

Hosted on MSN · 2d

BP pledges strategy reset as annual profit falls by a third

By Arunima Kumar (Reuters) -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. The drop in profit to $8.

The New York Times · 2d

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.

Wall Street Journal · 2d

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.

3h

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 ...

2d

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 ...

2d

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 ...

1d

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'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 ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results