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BP vows 'fundamental reset'

The New York Times · 2h

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.

Bloomberg L.P. · 13h

BP’s ‘Fundamental Reset’ Sets High Bar for Auchincloss

The chief executive officer says he’s met with shareholders constantly this past year, and the market will like oil major’s new direction.

Investopedia on MSN · 13h

BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.

BP, Elliott

Bloomberg L.P. · 9h

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management.

GlobalData on MSN · 1d

Elliott increases stake in oil major bp

BP plans to sell a German refinery in support of CEO Murray Auchincloss' $2bn (£1.62bn) cost-cutting goal by 2026.

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.

8h

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 ...

15hon MSN

BP Touts ‘New Beginning,’ Fundamental Change in Strategy

BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still ...

devdiscourse11h

BP's Strategic Overhaul: Navigating Profit Decline and Investor Demands

BP CEO Murray Auchincloss announced plans to reset the company's strategy after a 35% decrease in annual profits, missing ...

18h

BP's Quarterly Earnings at Four-Year Low as Weak Margins Dent Refining Business

(Reuters) - BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in ...

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