BP shares fall as net zero plans trigger hit of up to $5bn

Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025, primarily due to lowering the value of ...
The Daily Overview on MSNOpinion

BP stock sinks as net zero pivot sparks up to $5B hit

BP has put a multibillion dollar price tag on its retreat from parts of the energy transition, warning investors that its net ...

BP Flags Up to $5 Billion Writedowns After CEO Change

BP Plc said it expects to book up to $5 billion in writedowns linked to its energy transition business, a move that signals a ...
Seeking Alpha

BP's Leaner, Sharper Strategy Could Drive A Rerating--Here's The Case

BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, ...

BP interim CEO pledges to maintain focus on cost after Auchincloss exit, sources say

BP is maintaining its strategy and focus on cost cuts, its interim CEO Carol Howle told an internal town hall meeting on ...
NBC New York

Oil giant BP braces for shareholder showdown over green strategy U-turn

Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...
Seeking Alpha

BP to boot strategy chief after Elliott pressure

BP (NYSE:BP) said Tuesday its head of strategy and sustainability Giulia Chierchia, the key architect of the company's brief foray into renewables, will step down on June 1 and her position will be ...
NBC New York

BP chair Helge Lund to step down after oil major pledges strategic reset

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. "Having fundamentally ...
NBC Los Angeles

BP chair Helge Lund to step down after oil major pledges strategic reset

British oil major BP on Friday said its chair Helge Lund will soon step down, kickstarting a succession process shortly after the company launched a fundamental strategic reset. Stream Los Angeles ...