BP will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor ...

Elliott Management is pressuring BP to double its structural cost reduction target to $10 billion by 2027, aiming to improve the company's stock performance.

BP will issue an update on its progress in its $5B cost-cutting initiative alongside its half-year results on Tuesday, ...

BP will reveal on Tuesday its progress on a $5bn cost-cutting plan, as activist investor Elliott Management increases pressure on the energy major to rein in operating expenses more aggressively.

BP Plc will embark on fresh reviews of its portfolio and costs as the oil major works to reverse years of underperformance, ...

BP will launch a review of how best to develop and monetise its oil and gas production assets and consider more cost cuts to ...

BP is tearing up its own “fundamental reset” plan after just six months and cutting 1,500 more jobs as the struggling oil ...

In February, BP CEO Murray Auchincloss outlined plans to cut between $4 billion and $5 billion in costs by 2027, using 2023 ...

BP will conduct 'a thorough review of our portfolio of businesses to ensure we are maximizing shareholder value'.

BP reported stronger-than-expected second-quarter profits, increased its dividend and share buyback, and announced a new cost ...

BP has been accused of “chronic underperformance” by US hedge fund Elliott as it stepped up pressure on the struggling oil giant’s board. Activist investor Elliott said the company needed “decisive ...

BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil ...