The move piles pressure on boss Murray Auchincloss to focus on fossil fuels and cut investment in renewables. BP reports fourth quarter results today and is preparing for a highly anticipated ...

BP CEO Murray Auchincloss, appointed in January last year, has struggled to reverse the company's underperformance. Expectations Elliott's acquisition of a stake will spur reform on Monday drove ...

Earlier this week, BP announced its intention to sell a refining site in Germany, aligning with CEO Murray Auchincloss' plans to reduce company costs by at least $2bn by the end of 2026.

BP CEO Murray Auchincloss, appointed in January last year, has struggled to reverse the company's underperformance. Expectations Elliott's acquisition of a stake will spur reform on Monday drove ...

Current CEO Murray Auchincloss is expected to shift focus back to oil and gas, but investor impatience is growing, especially after BP warned of slower share buybacks, the report stated.