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BP pledges strategy reset

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.

The New York Times · 3d

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.

The Irish News (US) on MSN · 4d

BP boss vows to ‘reset’ strategy after annual profits slump

The FTSE 100 firm reported a 36% drop in profits to £7 billion, as speculation grows that it will turn away from renewables to improve returns.

Activist Elliot takes near 5% stake in BP

Reuters · 2d

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 transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.

Business Insider · 1d

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

This Is Money on MSN · 2d

Activist Elliot takes near 5% stake in BP as it pushes to cut spending on renewables and make big divestment

Elliott, led by boss Paul Singer (pictured), is expected to push BP to cut renewables and make big divestments to address its 'profound' undervaluation.

MoneyWeek4d

BP shares gain despite worst results since pandemic on activist investor hopes

BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...

4don 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 ...

US raider demands green energy sell-off at BP

BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...

4don MSN

BP cuts senior leadership bonuses to 45% after missing targets - Reuters

BP will cut bonuses for its senior leaders to 45% of target, Reuters reported, citing an internal memo, after the company ...

Elliott has built nearly 5% stake in BP worth GBP 3.8B, FT reports

Activist hedge fund Elliott Management has built a stake of nearly 5% in BP (BP), becoming the oil major’s third-largest shareholder, as it ...

Stockpickers: BP joins a list of market stalwarts that lost their way

Market stalwarts, with their well-established reputations for reliability and profitability, are not immune to losing their way. Any company, from a British blue-chip to a member of the Magnificent ...

Newsable Asianet News on MSN4d

BP Stock Falls Premarket After Q4 Profit Miss: Retail Shrugs It Off

BP Plc (BP) stock fell 0.9% in premarket trade on Tuesday after the oil major’s fourth-quarter earnings missed analyst estimates. The London-based company’s underlying replacement cost profit fell to ...

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