BP - Search News

Elliott Ramps Up Pressure on BP

Seeking Alpha on MSN · 1h

Elliott ramps up pressure on BP as strategic reset disappoints - Bloomberg

Elliott Investment Management plans to ramp up pressure on BP (NYSE:BP) after the company's turnaround plan was seen as lacking in urgency and ambition, Bloomberg reported Thursday. While the plan marks a departure from BP's (NYSE:BP) previous strategy,

Bloomberg L.P. · 6h

Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s expectations, people with knowledge of the matter said.

Barron's on MSN · 1d

BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.

U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in investor returns over the past few years. Investors are skeptical. The company’s American depositary receipts fell 1.

BP to Slash Spending on Net Zero Ventures

The Associated Press - Busines… · 14h

BP to slash spending on net zero ventures as it focuses on oil and gas again

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.

The Wall Street Journal on MSN · 22h

BP to Slash Green Spending, Pivot Back to Oil

Those include activist hedge fund Elliott Management, which recently took a stake in BP with a view to pushing for significant changes.“It’s a radical shift,” Chief Executive Murray Auchincloss said in an interview.

The New York Times · 21h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

3h

BP: Righting The Ship

BP shifts strategy to boost oil output, cut green investments, and enhance shareholder returns with 20% free cash flow growth ...

2d

Iraq, BP agree to develop four Kirkuk fields

Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for ...

1d

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

3h

BP to sell stake in Castrol India as part of 'global strategic review'

The strategic review of Castrol will consider all options with a focus on value creation. Proceeds from any potential ...

22hon MSN

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

1don MSN

Report: BP to drop renewable energy goals in favor of fossil fuels

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

Pair of top prospects relish chance to face Salvy in BP

In a live batting-practice session on a back field, the stakes are low, especially this early in spring. Pitchers are getting ...

City & State New York6d

Hoylman-Sigal nabs congressional endorsements in BP race

Two of Manhattan’s three members of Congress are backing Brad Hoylman-Sigal against term-limited Council Member Keith Powers.

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