BP to pivot back to oil, cut green spending in strategic reset but stock drifts lower

BP (NYSE:BP) -1.4% pre-market Wednesday after unveiling its anticipated strategic reset to raise annual oil and gas spending to $10B while cutting planned spending in energy transition businesses by ...

BP shares fall as net zero plans trigger hit of up to $5bn

Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025, primarily due to lowering the value of ...
Seeking Alpha

BP's Leaner, Sharper Strategy Could Drive A Rerating--Here's The Case

BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, ...
NBC Washington

BP chair Helge Lund to step down after oil major pledges strategic reset

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. "Having fundamentally ...
NBC New York

Oil giant BP braces for shareholder showdown over green strategy U-turn

Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...
Seeking Alpha

BP to boot strategy chief after Elliott pressure

BP (NYSE:BP) said Tuesday its head of strategy and sustainability Giulia Chierchia, the key architect of the company's brief foray into renewables, will step down on June 1 and her position will be ...
NBC Connecticut

BP chair Helge Lund to step down after oil major pledges strategic reset

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. Stream Connecticut ...