BP got significant attention in recent days, due to two major news items. First, we got the news that the company was the target of activist investor Elliott Management. According to reports, Elliott ...
BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. The energy company announced a strategic shift, prioritizing fossil fuel projects over renewable energy ...
BP plc BP, the UK-based energy major, is facing mounting pressure from activist investor Elliott Management, which has been meeting major shareholders to advocate deeper reforms, including cost cuts ...
Underneath record profits are extremely varied strategies, political relationships and long-term prospects. But BP and Shell in particular stand out. Lacking the natural advantages and national ...
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Britain’s BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged to “fundamentally reset” its strategy. Profit after tax tumbled to $381 ...
Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...
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Energy giant BP signals major strategy shift with $5 billion write-down — here's why it matters
As The Guardian reported, BP had pledged to go net zero by 2050. However, its business practices paint a different picture. Under the guidance of BP's new chair, Albert Manifold, the company has ...
British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. "Having fundamentally ...
BP reports stronger quarterly revenue and profit as energy markets evolve, keeping attention on financial resilience, operations and long-term strategy.
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