BP Pledges Strategy Reset as Annual Profit Falls by a Third

By Arunima Kumar BP’s annual profit drops to $8.9 bln Elliott’s stake raises pressure for board and strategy changes Q4 profit fell 61%, weakest since 2020 Lower refining margins hit Q4; weak margins expected ahead Feb 11 (Reuters) – BP (BP.L), opens new tab CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company’s … Read more