bp - Search News

BP to Slash Green Spending

BP's green failure offers Big Oil a lesson in moderation

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to become a renewables giant. The takeaway for Big Oil is that the energy transition is a marathon,

The Wall Street Journal on MSN · 1d

BP to Slash Green Spending, Pivot Back to Oil

Those include activist hedge fund Elliott Management, which recently took a stake in BP with a view to pushing for significant changes.“It’s a radical shift,” Chief Executive Murray Auchincloss said in an interview.

The Associated Press - Busines… · 1d

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.

Elliott Ramps Up Pressure on BP

Bloomberg L.P. · 21h

Elliott Ramps Up Pressure on BP as New Strategy 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.

Seeking Alpha on MSN · 15h

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,

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.

15h

BP cuts renewable investment and boosts oil and gas in strategy shift

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...

1d

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.

1d

BP shuns renewables in return to oil and gas

BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously ...

18h

BP: Righting The Ship

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

15h

BP, Nissan, Norwegian Cruise Line: Trending Tickers

Brief hosts Seana Smith and Brad Smith detail the latest stock news on Thursday morning. BP (BP) is facing increased scrutiny ...

1d

BP shareholders want it to make money, not climate policy

Many groups say that long term BP and others are pursuing a no-win strategy. Climate concerns will become so acute that much ...

1don MSN

How energy giant BP went from eco poster child to possible takeover target

In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...

2d

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

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