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.
BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake
KEY TAKEAWAYS 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 CEO Murray Auchincloss said the company plans to share a "new direction" during its Capital Markets Update on Feb.
BP pledges reset as annual profit dips below $9 billion
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. The drop in profit to $8.9 billion follows weekend reports Elliott Investment Management has built a stake in the company,
BP CEO pledges 'fundamental reset' as Q4 profit drops 60%
BP will lay out a “fundamental reset of strategy and a new beginning” when it updates investors at the company's capital markets day on February 26, CEO Murray Auchincloss said.
BP posts 60% profit drop as CEO promises ‘fundamental reset’ of strategy
UK supermajor BP saw its profit drop 60% in the fourth quarter of 2024, slightly missing analyst forecasts, as chief executive Murray Auchincloss promised the company strategy is ripe for a “fundamental reset”.
BP Teases Fundamental Reset of Strategy to Boost Returns and Cash
BP plans to "fundamentally reset" its strategy and focus on improving shareholder returns, amid pressure from investors and disappointing financial results.
BP pledges ‘fundamental reset’ of strategy as profits sink
BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep drop in profits for the final quarter of last year. On Tuesday, the group reported underlying profits of $1.
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BP's Strategic Overhaul Amidst Falling Profits
BP CEO Murray Auchincloss announced plans to fundamentally revise BP's strategy after the company reported a 35% drop in ...
FTSE 100 Live 11 February: BP strategy reset in focus after profits fall, Entain shares slide on CEO exit
A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.
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 ...
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 ...
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BP at risk of takeover without renewed oil and gas focus success
Image: Bernard Looney was the BP boss to bet on a net zero future for the company Murray Auchincloss, who succeeded Mr Looney at the end of 2023 after the latter failed to disclose relationships ...
BP shares soar after US activist Elliot builds up stake in fresh blow to boss Murray Auchincloss
The move piles pressure on BP chief exec Murray Auchincloss (pictured) to focus on fossil fuels and cut investment in ...
BP profits slump to four year low as activist shareholder circles
Building on the actions taken in the last 12 months, we now plan to fundamentally reset our strategy and drive further ...