BP: Strategy Shift, Stock Buybacks, Cheap P/E
BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. Read why I remain very bullish on ...
BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources ...
Marketplace1d
Oil giant BP promises a “fundamental reset.” What will that look like?
The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...
BP Q4 Earnings & Revenues Miss Estimates on Lower Price Realizations
BP Q4 earnings and revenues decline year over year due to lower commodity price realizations and weaker contributions from ...
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 ...
BP pledges strategy reset as annual profit falls by a third
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in ...
BP set to scale back green investments as profits drop sharply
AJ Bell analyst Russ Mould said the sharp drop in profit "provided plenty of fodder" for hedge fund Elliott, with BP having ...
Agence France-Presse on MSN3d
BP pledges strategic 'reset' as profit tumbles
Britain's BP on Tuesday said its annual net profit slumped 97 percent last year, as the struggling oil and gas giant pledged ...
BP Touts ‘New Beginning,’ Fundamental Change in Strategy
BP’s profit fell more than expected as weak refining margins dragged on its results but the British energy major still ...
Stockpickers: BP joins a list of market stalwarts that lost their way
Market stalwarts, with their well-established reputations for reliability and profitability, are not immune to losing their way. Any company, from a British blue-chip to a member of the Magnificent ...
Would Warren Buffett buy BP shares, as oil excitement grows?
Warren Buffett is a big investor in the oil business, and BP's performance has been attracting investor attention in results ...
Sumitomo Mitsui Trust Group Inc. Has $2.14 Million Position in BP p.l.c. (NYSE:BP)
Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of BP p.l.c. (NYSE:BP – Free Report) by 13.4% in the fourth ...