The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.

The aim is to bring the two oil giants together so they can compete with international rivals such as France's TotalEnergies ...

Murray Auchincloss, BP’s chief executive, will set out a new company strategy on February 26 BP shares have surged after it emerged that activist hedge fund Elliott has built a stake in the oil ...

It is thought Elliott could push for a break-up of BP, an overhaul of its leadership team or a sale. The move piles pressure on boss Murray Auchincloss to focus on fossil fuels and cut investment ...

The company joins other oil majors reporting declining earnings throughout 2024 as energy prices stabilise and global oil demand weakens.

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 ...

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It comes just three weeks after BP said it would cut 5% of its global workforce as part of a cost-cutting drive as pressure grows on CEO Murray Auchincloss to arrest a decline in profitability and ...

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged ...