Activist Investor Drives BP To Do ‘Fewer Things, With Higher Returns’
Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...
Reuters29d
BP’s overhaul can start with a new Chair
LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...
Texas Standard10d
Is this the end of Big Oil’s green energy arc?
Back in 2020, British oil giant BP was positioning itself to be a leader in the energy transition, touting plans to eliminate ...
Reuters25d
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Feb 18 (Reuters) - Oil major BP (BP.L), opens new tab is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported ...