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BP has committed to “basically reset its strategy and improve its performance because the oil virtue of the oil reported a great decline in profit for the last quarter of last year.
The group reported $ 1.17 billion for that period Tuesday, it fell by about half as compared to the previous quarter and significantly below $ 2.99 billion, which he earned in the fourth quarter of 2023.
Executive director Murray Auchincloss faced calls to set a new strategy after several quarters of disappointed results, concern about the aggressive stimulating of the group in renewable sources and shares prices that lapted the rivals in the last year.
In a Tuesday statement, Auchincloss has pledged to increase “cash flow and refund” and said he would discover “a new direction for BPS“On the day of the investor on February 26.
Pressure on BP intensified this week after appearing that US activist investor Elliott management had built the stake at the company.
Although the size of Elliott’s share is unclear, the second shareholder of the BP said that the holding of the group meant that the change in the petrol major on the London list was now inevitable.
This is a development story
