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

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

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

Meme stocks like AMC Entertainment and GameStop get their price spikes from exceptional buying interest. GameStop jumped on ...

New York hedge fund Elliott Management could force a shake-up at the FTSE 100 firm. It comes as shareholders urge BP boss ...

Following an unexpected delay, Hamas on Friday released the names of the three latest hostages set to be released as part of ...

In an email to staff late last week viewed by the AP, bp CEO Murray Auchincloss said the job losses “account for much of the anticipated reduction this year.” The reductions amount to just ...

A charge into offshore wind – and the wider renewable energy sector – started by former CEO Bernard Looney has been throttled back by his successor Murray Auchincloss. Last month, it was announced ...

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive Murray Auchincloss told staff on Jan 16 as the London-based ...

It comes as BP chief executive Murray Auchincloss puts the emphasis on oil and gas to boost profits, scaling back on the group’s key climate targets since taking the helm a year ago.

It comes as BP chief executive Murray Auchincloss puts the emphasis on oil and gas to boost profits, scaling back on the group's key climate targets since taking the helm one year ago. "We have got ...