Sky's Ian King says the company's expected reprioritisation of oil and gas revenues has long been demanded by investors whose returns have lagged those seen at rivals.

The FTSE 100 firm reported a 36% drop in profits to £7 billion, as speculation grows that it will turn away from renewables ...

BP CEO Murray Auchincloss pledged on Tuesday (Feb 11) to fundamentally reset the company’s strategy as it reported a 35 per ...

European stock markets opened in mixed fashion with the FTSE 100 hitting a record intra-day high before falling back down, in early trading. The Dax and Cac started slow, went on a small run but are ...

The chief executive of BP has vowed to 'fundamentally reset' the group's strategy after its annual profits fell by more than ...

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

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

Despite this disappointing performance, market attention is shifting away from the earnings themselves and focusing more on the company’s future direction” – Mark Crouch, eToro analyst ...

British oil major BP reported a sharp drop in fourth-quarter 2024 profits on Tuesday and committed to a “fundamental” ...

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

Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space. The Wall Street Journal reported that Elliott, which had ...

LONDON (AP) — LONDON (AP) — BP PLC (BP) on Tuesday reported a fourth-quarter loss of $1.96 billion, after reporting a profit in the same period a year earlier. On a per-share basis, the London-based ...