Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...
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 price target raised to 424 GBp from 407 GBp at Morgan Stanley
Morgan Stanley raised the firm’s price target on BP (BP) to 424 GBp from 407 GBp and keeps an Equal Weight rating on the shares.Maximize Your ...
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 ...
Bank of America Securities Keeps Their Hold Rating on BP (BP)
Bank of America Securities analyst Christopher Kuplent maintained a Hold rating on BP (BP – Research Report) today. The company’s shares closed ...
POWER Magazine14d
Lightsource bp Brings 288-MW Solar Portfolio in Texas Online
Lightsource bp announced two solar power projects in Texas with a combined 288 MW of generation capacity are now online, pushing the company’s operational fleet in that state to more than 1 GW ...
Rigzone28d
BP Confirms Job Cuts
BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...
New York Post29d
BP cuts nearly 5,000 jobs in wake of ex-CEO Bernard Looney scandal
BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...
Forbes29d
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday, as part of corporate cost cutting measures across its global operations. Confirming the job losses, the FTSE 100 company said ...
CNN29d
Oil giant BP axing thousands of jobs
BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...
Rigzone18d
BP Solar Farm in Texas Starts Delivery for ExxonMobil Petrochemical Plant
BP put online a 187-MW solar facility in San Patricio County, which has been contracted to help power a local petrochemical complex operated by ExxonMobil. BP PLC has put online a 187-megawatt (MW ...
Upstream29d
BP and Iraq sign deal for Kirkuk redevelopment
UK supermajor BP signed a deal with the Iraqi government on Tuesday to evaluate redevelopment of Kirkuk oil and gas fields, the Iraqi Prime Minister’s office said. “The objective is to enhance ...