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BP pledges strategy reset

The New York Times · 5h

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.

YAHOO!Finance · 9h

BP vows ‘fundamental reset’ as it retreats from net zero

BP chief Murray Auchincloss says the restructuring will ‘be a new direction for BP’ - Amr Alfiky/Reuters. BP has halted all investment into renewable energy as part of a “fu

Reuters on MSN · 13h

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 Investment Management

Barron's on MSN · 12h

BP Earnings Hit 4-Year Low. How the Elliott Stake Is Affecting the Stock.

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

YAHOO!Finance · 13h

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 earnings estimates. Activist investor Elliott Management has reported taking up a stake in the oil (CL=F,

Reuters on MSN · 21h

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business. BP's underlying replacement cost profit,

11h

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 ...

The Economist7h

BP is underperforming and under pressure

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

21hon MSN

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled ...

13hon 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 ...

7h

BP’s Brazil Head Will Take Over Bioenergy Unit after CEO Exit

The head of BP Plc in Brazil will take over as the top boss of the company’s sugar and ethanol unit, replacing an executive ...

Convenience Store News6h

bp Expects Lower Customer Volumes, Fuel Margins in First Quarter

In the first quarter of 2025, Chicago-based bp expects seasonally lower volumes in customers and fuel margins to remain ...

5hon MSN

BP sees Indiana refinery running at capacity this year after major Q4 maintenance

BP expects its Whiting refinery in Indiana will run at full capacity this year after completing a major maintenance ...

2d

O’Hare is Chicago’s biggest CO2 emitter; Indiana factories are region’s top polluters

New database aims to help cities map out their own CO2 cuts as President Trump looks to eliminate federal programs.

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