bp - Search News

BP profits drop

BP promises fundamental reset as Q4 profit hit four-year low

BP reported quarterly profit of $1.17 billion on Tuesday, higher than expected, but the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake.

The Financial Times · 1h

BP pledges ‘fundamental reset’ of strategy as profits sink

BP has pledged to “fundamentally reset” its strategy and improve its performance as the struggling oil major reported a steep drop in profits for the final quarter of last year.

BBC on MSN · 56m

BP profits drop as it says it will reset strategy

Oil giant BP's profits dropped sharply last year with the firm saying it will "fundamentally reset" its strategy. It is widely expected to say later this month that it will scale back renewable projects following similar moves from rivals including Equinor.

CNBC on MSN · 1h

British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset

British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.

BP, Elliott

Reuters · 18h

BP shares climb on prospect Elliott stake will drive change

Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.

Bloomberg L.P. · 13h

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist Elliott Investment Management LP’s track record to help them extract some value from their positions.

Business Insider · 21h

BP shares jumped 8% after renowned activist investor Elliott took a stake in the energy giant

Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant change.

BP's fourth-quarter earnings drops to four-year low

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as ...

23h

BP is cheaper than its rivals. Now an activist investor has swooped in.

BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake ...

13h

BP Stock Rises After Elliott Takes Stake in British Oil Major

Shares in BP (UK:BP, BP) rose, following news the activist hedge-fund firm Elliott Management had built a stake in the U.K.

London Evening Standard13m

BP profits slump to four year low as activist shareholder circles

BP said the lower profits reflected “weaker realized refining margins, higher impact from turnaround activity, seasonally lower customer volumes and fuels margins and higher other businesses and ...

35m

BP 4Q Replacement Cost Loss of $1.95B

Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...

1hon MSN

BP's quarterly earnings at four-year low as weak margins dent refining business

BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as ...

12h

BP Set To Report Q4 Earnings As Elliot Management Builds Stake: Declining Margins, Revenues In The Spotlight

BP shares are trading higher Monday after activist investment fund Elliot Management built a stake in the British oil company.

Results that may be inaccessible to you are currently showing.

Hide inaccessible results

BP profits drop

BP, Elliott

Related topics