Reported about 17 hours ago
BP CEO Murray Auchincloss expressed confidence in the company's new turnaround strategy despite a lackluster response from shareholders, as the firm's stock prices initially dipped but later recovered. The CEO plans to win over investors through upcoming meetings and believes that the sustained pressure from activist investor Elliott Investment Management could lead to significant changes if expectations are not met. Auchincloss remains hopeful for BP's future, emphasizing the need for shareholders to fully understand the new strategy.
Source: YAHOO