BP Announces Strategy Reset to Focus on Cash Flow, Returns — Update
The British oil and gas giant's Chief Executive Murray Auchincloss said the company would continue to reshape its portfolio and has made strong progress in cutting costs. BP now plans to change its ...
BP promises fundamental reset as Q4 profit hit four-year low
BP reported quarterly profit of $1.17 billion on Tuesday, higher than expected, but the lowest in four years, while the ...
BP profits slump to four year low as activist shareholder circles
The boss of BP today promised “to fundamentally reset” the oil supermajor’s strategy after he unveiled a 60% fall in profits in the fourth quarter of the year. Under pressure CEO Murray Auchincloss ...
BP Announces Strategy Reset to Focus on Cash Flow, Returns
BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...
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BP pressure mounts as Q4 earnings slump
BP has posted its lowest earnings in four years after fourth-quarter profit fell to $1.17 billion from $2.99bn in the corresponding period last year on weak margins in its refining business.