Pressure is building on BP chief exec Murray Auchincloss (pictured) following reports that Elliott was disappointed with his ...

Pressure is building on Murray Auchincloss (pictured) following reports that activist investor Elliott was disappointed with ...

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BP said Ian Tyler will join the board as nonexecutive director and will chair the remuneration committee. Tyler's appointment is effective April 1, and he will help the oil and gas major deliver its ...

BP Plc Chief Executive Officer Murray Auchincloss said he slept “like a baby” after unveiling the oil major’s turnaround program, confident that he could overcome a lukewarm reception from ...

Elliott Investment Management plans to ramp up pressure on BP after the company's turnaround plan was seen as lacking in ...

Auchincloss and Chairman Helge Lund, who was a key backer of the company’s now-criticized net zero strategy, could come under particular pressure. Representatives for Elliott and BP declined to ...

If Elliott is unsatisfied with BP’s moves, the hedge fund may push for board and management changes, people familiar with the matter told Bloomberg earlier this week. Chairman Helge Lund ...

BP chairman Helge Lund said the overhaul was designed to reflect 'significant changes we have seen in energy markets' and to ensure the firm was able to provide 'energy to the world today and ...

BP is increasing its oil and gas investment to $10bn (£7.9bn) a year as part of a net zero “reset” that involves the company slashing spending on renewables.