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 ...
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Even a big oil company is laying off thousands to cut costs
Shares of BP were up 1.11% in mid-day trading on the London market. In 2024, BP stock fell more than 13%. The fourteenth-largest oil company in the world, BP has a market capitalization of $84.6 ...
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BP shares climb on prospect Elliott stake will drive change
LONDON (Reuters) - 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 ...
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One of the world's biggest oil companies is cutting thousands of jobs
BP shares rose by as much as 1.7% in London before paring gains. Thursday's announcement comes during a testing time for BP. Its stock price has fallen by 5% over the past year while those of its ...
Investing4d
BP shares surge on Reuters report Elliott had built a stake in the company
Reuters said the size of the stake was not disclosed. The report sent BP’s shares surging more than 7% in London trading Monday. Elliott is pushing for changes at the British oil major to boost ...