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BP vows 'fundamental 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.

Seattle Times · 2h

BP vows ‘fundamental reset’ as profit plunges

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

The Wall Street Journal on MSN · 13h

BP Touts ‘New Beginning,’ Fundamental Change in Strategy

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund Elliott Management is pushing for change at the company.

BP, Elliott

Business Insider · 1d

BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.

MoneyWeek · 10h

BP shares gain despite worst results since pandemic on activist investor hopes

BP’s shares are on the up despite poor Q4 results, as shareholders look to activist investor Elliott Investment Management to change the oil major’s course

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.

1don MSN

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...

13h

BP Q4 Results: Lower Revenue, Rising Debt, CEO Pledges Fundamental Strategy Shift And More

BP PLC shares are trading lower after the company reported fourth-quarter results. Sales and other operating revenues came in ...

2hon MSN

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 ...

The Economist4h

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 ...

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.

5d

BP now stands for ‘Best Partitioned’

BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

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