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BP promises fundamental reset

BP executive promises 'reset' after profits fell in 2024

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on Tuesday after a dip in annual profits and a threat from an influential activist investor.

Bloomberg L.P. · 1h

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.

Seeking Alpha on MSN · 1h

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, Elliott

Bloomberg L.P. · 18h

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.

Business Insider · 1d

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.

Reuters · 23h

BP shares climb on prospect Elliott stake will drive change

Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns.

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 ...

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as ...

44m

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.

Healio8m

Very low-calorie ketogenic diet tied to greater BP reduction than intermittent fasting

Women with hypertension who followed a very low-calorie ketogenic diet had greater reductions in systolic and diastolic blood ...

BP plans six new gas wells to sustain output from Azeri Caspian Sea field

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable ...

Hosted on MSN14h

Elizabeth Warren speaks at CFPB protest in DC

Elizabeth Warren speaks at a CFPB protest in Washington, DC. BP shares jump as oil giant targeted by activist investor 900 ...

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in ...

O’Hare is Chicago’s biggest CO2 emitter; Indiana factories are region’s top polluters

New database aims to help cities map out their own CO2 cuts as President Trump looks to eliminate federal programs.

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BP promises fundamental reset

BP, Elliott

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