BP to abandon pledge to cut oil and gas output as boss fights for group’s survival
BP to drop pledge to cut oil and gas output amid Elliott battle, FT reports
BP (BP) will do away with its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday
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BP Set to Scrap Oil and Gas Production Cuts
BP is set to announce it will abandon its plans to reduce oil and gas production, bowing to investor pressure and a shift in strategic focus.
Dodgers star Shohei Ohtani tests shoulder in live BP
Amid dueling rehabilitation schedules, Los Angeles Dodgers star Shohei Ohtani took batting practice on Sunday for the first time since offseason shoulder surgery for an injury that occurred during the World Series in October.
BP’s Greater Tortue Project Poised to Export First LNG Cargo
BP Plc’s Greater Tortue Ahmeyim project is set to export its first liquefied natural gas cargo from offshore fields in Senegal and Mauritania.
BP falls Thursday, underperforms market
BP PLC BP shares dropped 1.08% to £4.52 Thursday, on what proved to be an all-around poor trading session for the stock market, with the FTSE 100 Index UKX falling 0.57% to 8,662.97. BP PLC closed 16.
BP to drop renewables goals and shift focus back to fossil fuels
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.
BP’s CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet
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. Auchincloss’s new job as chief of staff to the CEO put him right in the middle of the response.
BP investors call for vote on any rowback on climate goals
A group of 48 institutional investors has called on BP to give shareholders a vote on any plan by the oil major to row back on its climate goals, setting up a potential clash with US activist hedge fund Elliott Management.
Lightsource bp secured 10 power purchase deals totalling 1.3 GW last year
Renewable energy developer Lightsource bp, a unit of British oil company BP , secured 10 power purchase agreements (PPAs) last year totalling 1.3 gigawatts (GW) of renewable energy capacity globally,
Exclusive-BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,
BP Is Said to Weigh Sale of Lubricants Unit With Elliott Pushing
BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people familiar with the matter.
When It Hits the Fan - BP’s PR battle, Jamie Dimon’s rant, and two men and a baby - BBC Sounds
David and Simon discuss corporate raiders, remote working and the Elon Musk baby drama. Read more
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.