murray auchincloss bp

Elliott Ramps Up Pressure on BP

Elliott ramps up pressure on BP as strategic reset disappoints - Bloomberg

Elliott Investment Management plans to ramp up pressure on BP (NYSE:BP) after the company's turnaround plan was seen as lacking in urgency and ambition, Bloomberg reported Thursday. While the plan marks a departure from BP's (NYSE:BP) previous strategy,

Bloomberg L.P. · 8h

Elliott Ramps Up Pressure on BP as Turnaround Plan Falls Short

Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s expectations, people with knowledge of the matter said.

Barron's on MSN · 1d

BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.

U.K. oil major BP said Wednesday it’s having a “fundamental reset,” having fallen far behind U.S. rivals Exxon and Chevron in investor returns over the past few years. Investors are skeptical. The company’s American depositary receipts fell 1.

BP, Reset and Oil and Gas

The New York Times · 23h

BP to Focus More on Oil and Gas in Strategy ‘Reset’

The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

E&E · 8h

BP embraces oil and gas, snubs renewables in corporate reset

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans.

Fox Business · 1d

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

BP to drop renewable energy goals in favor of fossil fuels

devdiscourse · 1d

BP's Strategic Shift: A Return to Roots in Fossil Fuels

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to improve financial performance. Investment in transition businesses will be reduced.

Chron on MSN · 2d

Report: BP to drop renewable energy goals in favor of fossil fuels

BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.

Quartz on MSN · 1d

BP cuts renewable energy investments, boosts fossil fuel production

BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding for fossil fuel production to $10 billion per year.

22hon MSN

Kirkuk deal is BP’s 'most important' in 20 years, CEO Auchincloss says

BP's (NYSE:BP) deal to redevelop oil and gas fields in Iraq's Kirkuk region eventually will be viewed as of the company's ...

Upstream4h

BP CEO aims to more than double market value by 2030: FT

Chief executive tells the Financial Times there will be “tremendous demand” for oil and gas and expects majority of company's ...

BP announces 'reset' with slashed renewables investments and $20 billion in divestments

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

BP: Righting The Ship

BP shifts strategy to boost oil output, cut green investments, and enhance shareholder returns with 20% free cash flow growth ...

BP CEO Focuses on Long Game After Shares Fall on Reset Plan

BP Plc Chief Executive Officer Murray Auchincloss said he slept “like a baby” after unveiling the oil major’s turnaround program, confident that he could overcome a lukewarm reception from ...

1don MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...

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