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BP pledges strategy reset

BP pledges strategy reset as annual profit falls by a third

BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.

CNBC on MSN · 13h

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.

This Is Money on MSN · 11h

BP boss pledges strategy reset as profits hit four-year low

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

Reuters · 10h

BP promises fundamental reset as Q4 profit hit four-year low

BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake. Ciara Lee reports.

BP Stock Jumps

Reuters · 1d

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.

Investopedia · 1d

BP Stock Jumps as Elliott Reportedly Builds Stake

BP's U.S.-listed shares are rising 6% Monday following reports that activist hedge fund Elliott Investment Management has amassed a stake in the British oil giant and is seeking to make changes.

uk.investing.com on MSN · 1d

BP shares surge on Reuters report Elliott had built a stake in the company

Activist investor Elliott Investment Management has acquired a stake in BP (NYSE:BP), Reuters reported over the weekend, citing a source familiar with the matter. Reuters said the size of the stake was not disclosed.

6hon MSN

BP cuts senior leadership bonuses to 45% after missing 2024 financial targets, sources say

BP will cut bonuses for its senior leaders to 45% of target after the company missed some key financial goals in 2024, three ...

4hon MSN

BP cuts senior leadership bonuses to 45% after missing targets - Reuters

BP (NYSE:BP) will cut bonuses for its senior leaders to 45% of target, Reuters reported Tuesday, citing an internal memo, after the company missed some key financial goals in 2024, including EBITDA of ...

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BP pledges strategy reset

BP Stock Jumps

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