The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...
BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to ...
Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...
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BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.
BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.
BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...
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