After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

AJ Bell analyst Russ Mould said the sharp drop in profit "provided plenty of fodder" for hedge fund Elliott, with BP having ...

BP has vowed to “fundamentally reset” its strategy after a plunge in profits and pressure from a New York activist investor.

The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...

The FTSE 100 firm reported a 36% drop in profits to £7 billion, as speculation grows that it will turn away from renewables ...

BP Chief Executive Murray Auchincloss promised a "reset" for the company, including dialing back climate commitments, on ...

Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged ...

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...

BP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a ...

UK supermajor BP saw its profit drop 60% in the fourth quarter of 2024, slightly missing analyst forecasts, as chief ...

BP's CEO has pledged a "fundamental rest" just a few years after the oil giant went all in on low-carbon and Net Zero ...