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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.

Reuters on MSN · 12h

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.

YAHOO!Finance · 8h

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

BP, Elliott

Barron's on MSN · 12h

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 on MSN · 20h

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. BP's underlying replacement cost profit,

Hosted on MSN · 1d

BP shares hit highest since August on news of Elliott stake

Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake in the energy major it is expected to use to press for change in strategy and to the board.

10h

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 Economist7h

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 ...

12hon 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 ...

20hon 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 ...

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 ...

4hon 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 ...

Hosted on MSN3d

Couple who own Wisconsin’s only Black-owned gas station plead for support: ‘Please patronize us’

Sonia Nash believes fate may have led her and her husband to own the BP gas station at 807 W. Atkinson Ave. in Milwaukee’s Arlington Heights area. After their initial hesitancy, she and her husband, ...

FIRB delays kill Lightsource BP’s $800m-plus solar farm sale

Lightsource BP’s sale of five Aussie solar farms to Chinese-owned BJEI has collapsed after hitting the ‘drop-dead’ date for ...

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BP pledges strategy reset

BP, Elliott

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