BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.CNBC - 7h -
BP set to scale back green investments as profits drop sharply
The oil giant is widely expected to say it will scale back on renewables later this month.BBC News - 7h -
BP pledges ‘fundamental reset’ of strategy as profits sink
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BP is cheaper than its rivals. Now an activist investor has swooped in.
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Activist hedge fund Elliott builds stake in struggling BP
US investor could force UK oil company to refocus on core fossil fuels business or even pursue a full break-upFinancial Times - 2d -
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