Elliott Management, the activist U.S. hedge fund with 5% in BP, is doubling down on its pressure on the UK supermajor to deliver massive cost reductions after the reset, seeking doubling of the ...
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Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered energy giant also said it planned to ...
BP shareholders approved CEO Bob Dudley’s salary package by a 96 percent-plus majority following a profitable year, according to Reuters. Mr. Dudley’s salary climbed 13 percent in 2017 to $13.4 ...
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