BP CEO Says Oil Major’s Big Reset Has Been a Year in Making
BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had engagement with activist Elliott Investment Management.
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
UK supermajor BP has admitted it is in need of a “fundamental” change of direction, to cite the words of its chief executive, ...
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...
After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...
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The move piles pressure on BP chief exec Murray Auchincloss (pictured) to focus on fossil fuels and cut investment in ...
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