bp - Search News

BP, Elliott Investment Management

Barron's on MSN · 1h

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.

YAHOO!Finance · 1h

BP's Q4 disappoints as Elliott Mgmt. discloses stake in Phillips 66

Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter earnings estimates. Activist investor Elliott Management has reported taking up a stake in the oil (CL=F,

Reuters on MSN · 9h

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,

BP to ‘Reset’ Strategy

Reuters on MSN · 1h

BP pledges strategy reset as annual profit falls by a third

By Arunima Kumar (Reuters) -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 drop in profit to $8.

The New York Times · 1h

BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says

The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in oil and natural gas production.

BP profits drop as it says it will reset strategy

Oil giant BP's profits dropped sharply last year with the firm saying it will "fundamentally reset" its strategy. It is widely expected to say later this month that it will scale back renewable projects following similar moves from rivals including Equinor.

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 ...

20h

BP break-up pressure builds as activist investor Elliott takes stake

BP is under mounting pressure to break itself up and ditch its net zero projects after activist hedge fund Elliott built a ...

1hon 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 ...

devdiscourse23h

FTSE 100 Soars to New Heights Amidst BP Surge

London’s FTSE 100 achieved a record high, bolstered by BP’s significant rise due to Elliott Management's investment. The ...

1d

O’Hare is Chicago’s biggest CO2 emitter; Indiana factories are region’s top polluters

New database aims to help cities map out their own CO2 cuts as President Trump looks to eliminate federal programs.

7h

BP plans six new gas wells to sustain output from Azeri Caspian Sea field

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable ...

1d

BP shares pop 8% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...

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