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.
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 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 promises fundamental reset as Q4 profit hit four-year low
STORY: A promise of a reset from BP as it reported quarterly profit of $1.17 billion on Tuesday (Feb. 11).The 61% drop in the fourth-quarter compared with the previous year made the results the weakest since the same period in 2020,
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.
BP Earnings Hit 4-Year Low. How Elliott Stake News Is Affecting the Stock.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
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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 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.
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 ...
BP reports Q4 underlying EPS 44c, consensus 47c
Reports Q4 revenue $48.08B, consensus $47.51B. CEO Murray Auchincloss said: “In 2024 we laid the foundations for growth. We have been reshaping ...
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 ...
BP's quarterly earnings at four-year low as weak margins dent refining business
The 61% drop in quarterly profit from last year, coming just days after reports of activist investor Elliott Investment ...