BP to Slash Green Spending, Pivot Back to Oil
BP said it would increase oil-and-gas investment to about $10 billion a year. - Martin Meissner/Associated Press. LONDON—BP said it would boost oil-and-gas production and sharpl ...
BP expected to roll back green energy pledges to boost profit
BP expected to roll back green energy pledges to boost profit - The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost ...
Activist Investor Drives BP To Do ‘Fewer Things, With Higher Returns’
Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...
BP plans to explore for new oil in Azeri Caspian Sea
LONDON (Reuters) -BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told ...
Yahoo Finance16d
Elliott Ramps Up Pressure on BP as New Strategy Falls Short
He’s planning to spend 10 days on roadshows in London, meeting about a third of the firm’s shareholders. Auchincloss is also sending a team to meet investors in the US where about half of BP’s ...
BP CEO Sees Pay Cut 30% After Profit Miss, Elliott Intervention
BP Plc Chief Executive Officer Murray Auchincloss’ total compensation dropped to £5.36 million ($6.91 million) in 2024, about ...
BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.
U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in investor returns over the past few years. Investors are skeptical. The ...
BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy
BP’s decision will come after they set some of the most ambitious targets among large oil companies to cut their oil and gas ...
BP to slash green investment and ramp up gas and oil
BP is expected to announce it will slash its renewable energy investments and instead focus on increasing oil and gas production. The energy giant will outline its strategy later following pressure ...