Reported about 8 hours ago
BP Plc is set to unveil its highly anticipated strategy reset, led by CEO Murray Auchincloss, following a push from Elliott Investment Management, which has acquired approximately 5% of the company. Key focuses include a new direction moving away from the previous emphasis on reducing oil and gas production towards potentially expanding it, alongside significant asset sales, a clearer financial strategy, and decisions regarding renewable energy projects. Analysts will closely watch how BP communicates these changes and addresses its previous commitments while seeking to strengthen its balance sheet and investor returns.
Source: YAHOO