BP Oil Company - Search News

British Oil Major BP Vows Strategy Reset

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.

Hosted on MSN · 22h

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.

Business Insider · 1d

British Oil Major BP Vows Strategy Reset as Profits Slide to 4-Year Low

British oil giant BP (BP) pledged to “fundamentally reset” its strategy as profits in its Fiscal fourth quarter slid to a four-year low,

BP promises fundamental reset

The New York Times · 11h

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.

Reuters · 23h

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.

Newsable Asianet News on MSN · 21h

BP Stock Falls Premarket After Q4 Profit Miss: Retail Shrugs It Off

BP Plc (BP) stock fell 0.9% in premarket trade on Tuesday after the oil major’s fourth-quarter earnings missed analyst estimates. The London-based company’s underlying replacement cost profit fell to $1.

BP, Elliott

Business Insider · 2d

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.

Bloomberg L.P. · 1d

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

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.

17h

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 ...

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 ...

Total, Aker BP seek bigger stakes in giant Equinor oilfield

TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal ...

21h

BP at risk of takeover without renewed oil and gas focus success

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.

What's Going On With Oil Giant BP Stock Today?

Elliott Management, managing $70B, has reportedly taken a stake in BP, urging significant changes to improve performance.

BP shares jump as oil giant targeted by activist investor

BP has been targeted by activist investor Elliott as the oil giant struggles to work out its approach to net zero and ...

20hon 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 ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results