BP to abandon pledge to cut oil and gas output as boss fights for group’s survival
BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major.
BP Said to Plan Castrol Sale, Ditch Plan to Cut Oil Output (1)
BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management,
BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major.
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a ...
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity ...
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...
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BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too EnthusedBP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling ...
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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bp considers Castrol lubricants business saleBP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn ...
BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.
Read here for 5 key strategies BP's management can use to boost value and address recent underperformance, from cost cuts to ...
BP’s Chief Executive Officer has reportedly made a significant strategic shift, opting to refocus on fossil fuels and move ...
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