BP faces pivotal moment: Board in firing line as activist Elliott sets scene for shake-up
Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...
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 ...
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BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
BP shares rose 1.4% to 428.8 pence on Thursday in London trading. BP’s fall in recent years reflects strategic miscalculations that extend far beyond Auchincloss’s single year as permanent CEO ...