The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.
CEO Murray Auchincloss has promised a “fundamental reset” to boost performance after it emerged US hedge fund Elliot had ...
BP is reportedly set to ditch renewable energy targets and double down on fossil fuels to regain investor confidence Read ...
BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...
BP Plc’s “fundamental reset” on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity ...
Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to ...
BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...
I warned that the company was on borrowed time. An investor revolt could ensue if the board doesn’t change direction — fast.
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 ...