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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.The New York Times - Feb. 11 -
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 - Feb. 8 -
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.MarketWatch - Feb. 10 -
Investors warn BP will face radical changes after Elliott takes stake
Activist could push for board changes, a New York listing and sale of assets, say shareholdersFinancial Times - Feb. 10 -
BP cash bonus to be paid at 45% of target after poor performance
Oil major’s Q4 profits about half of total for previous quarterFinancial Times - Feb. 11 -
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 - Feb. 11 -
Elliott builds £3.8bn stake in BP and seeks big asset sales
US activist hedge fund wants oil major to reduce spending on renewable energyFinancial Times - Feb. 13 -
Hedge fund Elliott shakes BP from its strategic slump
Activist’s arrival leaves boss Murray Auchincloss facing crucial test at oil major’s capital markets dayFinancial Times - 6d -
Investors call for vote on any BP rowback on climate goals
Shareholders in potential clash with US activist Elliott over direction of oil majorFinancial Times - 1d -
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 - Feb. 11 -
Yankees Spring Training Notes: Max Fried's first live BP, what Aaron Boone wants in a backup catcher
Yankees manager Aaron Boone spoke Saturday afternoon about Max Fried's first live BP, what he's looking for in a backup catcher and one reliever that has stood out so far.Yahoo Sports - 5d -
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major.CNBC - Feb. 10
