British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins, announcing a $1.75 billion share buyback and a pledge to "fundamentally" reset its strategy.

There is a new catalyst in BP that aims to drive strategic changes, potentially boosting the company's performance and stock price. BP's current price/earnings ratio is attractive, and activist ...

New BP (NYSE:BP) Chair Albert Manifold told employees in an internal memo that the company's portfolio was "overly complex" and it needed to be faster in executing its strategy of shifting focus back ...

BP’s Q1 performance reflected the company’s ongoing tug-of-war between its legacy oil business and ambitions in low-carbon energy. The oil production and operations segment showed resilience, with ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. BP has started up the Murlach oil and gas field in the UK North Sea, the ...

LONDON, Oct 1 (Reuters) - New BP (BP.L), opens new tab Chair Albert Manifold told employees on Tuesday that the group's portfolio was "overly complex" and it needed to execute its strategy of shifting ...

BP’s new Chair, Albert Manifold, has told employees the company must accelerate its pivot back to oil and gas while simplifying a portfolio he described as “overly complex.” In an internal memo seen ...

BP p.l.c. (NYSE:BP) shares are trading lower premarket on Friday. The company disclosed that its board has begun the process of selecting a new chair following Helge Lund's decision to step down. The ...

BP is slashing its investment in energy transition activities and seeking a new partner for Lightsource BP, the renewables developer fully owned by the oil and gas giant. The change in strategy comes ...