BP Promises ‘Fundamental Reset’ as Activist Elliott Builds Stake
BP Plc promised major changes at its upcoming strategy update, seeking to reverse a prolonged period of under-performance that has now drawn in activist Elliott Investment Management.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport,
Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...
Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy.
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