The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...

A group of institutional investors holding a 2.5% stake in BP is demanding a shareholder vote on any fundamental reset of the ...

BP has been ordered to cut spending on renewable energy by its third largest shareholder as pressure grows on the oil giant ...

The “fundamental reset” that BP plans to unveil later this month will reflect a portfolio shift that has already been "decapitalising renewables", the company’s CEO told investors today. BP’s strategy ...

AI is no longer just a tool—it’s replacing jobs. As Meta and other companies accelerate layoffs and use RTO as a quiet ...

After the British oil giant was rattled by a slump in profits, BP boss Murray Auchincloss promised a “fundamental reset” for the company in a new plan to be unveiled later this month. A quarter ...

Chief Executive Officer Murray Auchincloss pledged this week to present a “fundamental reset” of BP’s strategy at its investor day on Feb. 26. The company is widely expected to pivot from ambitious ...

This week, the oil giant revealed a sizeable slump in profits and its new chief executive had vowed to deliver “a fundamental reset”. So what’s going on? Is Net Zero falling out of fashion?

BP’s share price spiked earlier this week after it emerged Elliott had taken a stake in the FTSE 100 oil major, before Murray Auchincloss, its chief executive, promised a “fundamental reset ...

News of an Elliott stake broke last weekend, and CEO Murray Auchincloss pledged a "fundamental reset" of BP's (BP) strategy as he released another set of disappointing quarterly results on Tuesday.

One reason why may be speed. Assuming Auchincloss’s pre-existing “fundamental reset” in strategy due on February 26 incorporates most of Elliott’s recommendations, things might happen more ...