I warned that the company was on borrowed time. An investor revolt could ensue if the board doesn’t change direction — fast.
BP (BP) closed the latest trading day at $32.20, indicating a +0.69% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.49%. Meanwhile, the ...
After a change in direction, including a roll-back on some of its green pledges, our writer considers whether the time has ...
British Petroleum is set to abandon its ambitious renewable energy expansion targets in favor of a stronger focus on fossil ...
Back in 2020, British oil giant BP was positioning itself to be a leader in the energy transition, touting plans to eliminate ...
LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...
The new strategic plan focuses on bolstering BP’s upstreaming portfolio, streamlining its downstream business and limiting its energy transition efforts. “Today we have fundamentally reset BP ...
BP executives admit they went 'too far, too fast' chasing low carbon investments, but will investors swallow new plan?
However, there still is little, if any, production growth,” Good said. BP said it was reviewing its lubricants business, Castrol, and targeting $20 billion in divestments by 2027. The company ...
Auchincloss has already spun off BP’s offshore wind business in a joint venture while he's looking to offload its onshore wind arm. The group has also been slashing costs in the face of tougher ...
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