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BP executive promises 'reset'

The New York Times · 1h

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.

Bloomberg L.P. · 12h

BP’s ‘Fundamental Reset’ Sets High Bar for Auchincloss

The chief executive officer says he’s met with shareholders constantly this past year, and the market will like oil major’s new direction.

BP executive promises 'reset' after profits fell in 2024

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on Tuesday after a dip in annual profits and a threat from an influential activist investor.

BP, Elliott

Bloomberg L.P. · 9h

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.

GlobalData on MSN · 1d

Elliott increases stake in oil major bp

BP plans to sell a German refinery in support of CEO Murray Auchincloss' $2bn (£1.62bn) cost-cutting goal by 2026.

BP shares climb on prospect Elliott stake will drive change

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 for board changes and strategy shifts to boost returns.

9hon MSN

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.

7h

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 ...

Convenience Store News2h

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 ...

14hon MSN

FTSE 100 Live 11 February: BP strategy reset in focus after profits fall, Entain shares slide on CEO exit

A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.

13h

BP reports Q4 underlying EPS 44c, consensus 47c

Reports Q4 revenue $48.08B, consensus $47.51B. CEO Murray Auchincloss said: “In 2024 we laid the foundations for growth. We have been reshaping ...

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