FTSE 100 Live 11 February: BP strategy reset in focus after profits fall, Entain shares slide on CEO exit
A four-year low for BP quarterly profits today heightened the focus on the oil giant’s plans for a major strategy reset.
BP to ‘Reset’ Strategy After Pressure From Investors, C.E.O. Says
The energy giant was vague on details, but analysts say the changes will likely include less spending on renewable sources and a bigger investment in oil and natural gas production.
BP’s Profit Falls More Than Expected; Announces $1.75 Billion Share Buyback
BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still ...
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped at the market open, following weekend reports that activist investor Elliott Management has built a stake in ...
BP intends to execute $1.75B share buyback prior to reporting Q1 results
The company said it is committed to maintaining a strong balance sheet and strong investment grade credit rating. “Through the cycle, we are ...
BP Faces Declines in EPS, Revenue
BP fell short of estimates with its fourth-quarter earnings, pointing to ongoing challenges amid its energy transition.
FTSE 100 Live 10 February: BP shares surge on activist stake, gold price record
FTSE 100 Live Monday Business hiring weakens amid NI impactGold price hits new recordUS inflation and UK GDP in ...
BP now stands for ‘Best Partitioned’
BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...