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 ...
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Even a big oil company is laying off thousands to cut costs
Shares of BP were up 1.11% in mid-day trading on the London market. In 2024, BP stock fell more than 13%. The fourteenth-largest oil company in the world, BP has a market capitalization of $84.6 ...
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BP shares climb on prospect Elliott stake will drive change
LONDON (Reuters) - 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 ...
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BP Slips To RC Loss In Q4, Warns On Weak Production; Plans To Reset Strategy
It will be a new direction for bp and we look forward to sharing it at our Capital Markets Update on 26 February." In London, BP shares were trading at 462.35 pence, down 0.6 percent. In pre ...
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BP shares surge on Reuters report Elliott had built a stake in the company
Reuters said the size of the stake was not disclosed. The report sent BP’s shares surging more than 7% in London trading Monday. Elliott is pushing for changes at the British oil major to boost ...