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BP pledges strategy reset

BP executive promises 'reset' after profits fell in 2024

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on Tuesday after a dip in annual profits and a threat from an influential activist investor.

The New York Times · 3h

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.

Reuters on MSN · 4h

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.

BP, Elliott

MoneyWeek · 5h

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 change the oil major’s course

Bloomberg L.P. · 1d

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

Reuters · 1d

BP shares climb on prospect Elliott stake will drive change

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 for board changes and strategy shifts to boost returns.

BP Promises Big Changes After Attracting An Uninvited Guest

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

2hon MSN

BP cuts senior leadership bonuses after missing 2024 targets

BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in ...

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

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 ...

BP Expects Indiana Refinery to Run at Capacity in 2025 After Major 4Q Work -- OPIS

BP on Tuesday said it expects its 440,000 b/d refinery in Whiting, Ind., will run at full capacity this year after completing a major maintenance turnaround in the fourth quarter.

5hon 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 ...

3hon 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 ...

What's Going On With Oil Giant BP Stock Today?

Elliott Management, managing $70B, has reportedly taken a stake in BP, urging significant changes to improve performance.

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BP pledges strategy reset

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