CEO Murray Auchincloss has promised a “fundamental reset” to boost performance after it emerged US hedge fund Elliot had built a near 5 per cent stake in the firm.

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management style should be fair, firm and friendly. Calm, patient and persistent. And I think he’s doing that.”

Will chief executive Murray Auchincloss be able to deliver a ‘fundamental change’ in strategy at key investor meeting to drive the growth he promised and turn around BP’s fortunes?

One of Aker BP's largest oil exploration prospects this year has been drilled in the Norwegian Sea with a disappointing result. The Bounty well was the second largest exploration target on Aker BP's current list with pre-drill potential of upwards of 440 million barrels of oil equivalent.

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.