Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company ...
It was April 2010, and the Deepwater Horizon disaster was about to become the largest-ever marine oil spill in the US and the most monumental crisis in BP’s 100-year history, costing $65 billion.
Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper. Elliott Management Corp.’s ...
Back in 2020, British oil giant BP was positioning itself to be a leader in the energy transition, touting plans to eliminate ...
The dramatic divergence between the companies has been building for 15 years, starting with the biggest crisis in BP’s history, and spanning a series of events and decisions that pushed the two ...