BP shares climb on prospect Elliott stake will drive change
1 day ago · LONDON, Feb 10 (Reuters) - Shares in BP , opens new tab rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott ...
Exclusive: BP abandons goal to cut oil output, resets strategy
Oct 7, 2024 · BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge...
Bp Plc | Reuters
Jan 30, 2025 · The latest international Bp Plc news and views from Reuters - one of the world's largest news agencies
BP shares surge on Reuters report Elliott had built a stake in the …
1 day ago · Investing.com -- Activist investor Elliott Investment Management has acquired a stake in BP (NYSE:BP), Reuters reported over the weekend, citing a source familiar with the matter. Reuters said the ...
BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
14 hours ago · Callaghan O'Hare/Reuters. By Stanley Reed. Reporting from London. ... “BP’s weak share price is the result of a far-too-radical transition strategy,” Irene Himona, an analyst at the Wall ...
BP cuts senior leadership bonuses to 45% after missing targets - Reuters
13 hours ago · BP will cut bonuses for its senior leaders to 45% of target, Reuters reported, citing an internal memo, after the company missed some key financial goals in 2024.
BP's Quarterly Earnings at Four-Year Low as Weak Margins
1 day ago · (Reuters) - BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business. The 61% drop in ...
BP drops oil output target in strategy reset | Reuters News Agency
Oct 8, 2024 · Reuters exclusively reported that BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence. When unveiled in 2020, BP’s strategy was the sector’s most ambitious with a pledge to cut output by 40% while rapidly growing renewables by ...
BP profit slumps to near four-year low as oil demand sags - Yahoo …
Oct 29, 2024 · LONDON (Reuters) -BP on Tuesday reported a 30% drop in third-quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results.
BP shares hit highest since August on news of Elliott stake
1 day ago · By Arunima Kumar and Samuel Indyk. LONDON (Reuters) - Shares in BP rose by 7% to their highest since August in early trade on Monday, after investor Elliott Management built a stake in the energy ...