Proxy advisors ISS, Glass Lewis recommend re-election of BP leadership
Proxy advisor Institutional Shareholder Services Inc (ISS) recommends that shareholders vote in favour of the re-election of ...
Business Insider25d
BP (BP) Gets a Buy from Evercore ISI
Evercore ISI analyst Stephen Richardson maintained a Buy rating on BP (BP – Research Report) on February 28 and set a price target of $42.00. The company’s shares closed last Friday at $33.12.
Business Insider10d
BP (NYSE:BP) Secures Israel Gas Exploration Rights
BP (BP) has been awarded a license to explore for natural gas in Israeli waters along with Azerbaijan state oil company Socar and local company NewMed Energy (DKDRF). The move, announced Monday as ...
CNN29d
BP cuts investment in clean energy and boosts oil and gas in major strategy shift
BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...
Euronews29d
BP scraps renewables target, returns to oil and gas in strategy reset
BP will boost investment in oil and gas while walking back a push for more renewable output, the British oil and gas multinational announced on Wednesday. The firm said it would increase oil and ...
The Irish Times28d
BP’s chief aims to more than double market value to $200bn
BP’s chief executive wants to more than double the oil major’s market value within five years to $200 billion (€190 billion), the level it achieved before the 2010 Deepwater Horizon disaster ...
The Independent29d
BP signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy
BP has announced it will slash its renewable energy investments to focus on increasing oil and gas production. As part of what CEO Murray Auchincloss is calling a “fundamental reset”, BP has ...
Wall Street Journal29d
BP to Slash Green Spending, Pivot Back to Oil
LONDON—BP BP0.34%increase; green up pointing triangle said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its ...
MarketWatch29d
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels. Unveiling a delayed strategy ...
The Financial Times29d
BP goes back to petroleum
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This year marks the 25th anniversary of BP’s attempt to rebrand itself as a greener oil and gas company ...
Upstream27d
'Too far, too fast': BP reveals strategy reset
BP is to slash its spending on energy transition businesses by $5 billion and boost oil and gas expenditures to $10 billion in an effort to make the supermajor a more attractive investment ...