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 refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management.
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...
Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises - Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
Q4 2024Management ViewCEO Murray Auchincloss highlighted significant strategic progress in 2024, including 10 new ...
By Arunima Kumar (Reuters) -BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it ...
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The move piles pressure on BP chief exec Murray Auchincloss (pictured) to focus on fossil fuels and cut investment in ...
A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.
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