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 will review its portfolio of assets and consider more cost cuts as part of a drive to do better for shareholders, the oil major said on Tuesday, as it reported a second-quarter profit that easily ...

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

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.

Elliott Management wants BP's incoming chairman to urgently improve the cost base and capital allocation, after naming former CRH CEO Albert Manifold as its new chairman.

(Reuters) -Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to "urgently address BP's shortcomings". "Elliott ...

BP p.l.c. (NYSE: BP) is scheduled to announce Q2 results on Tuesday, August 5th, before the market opens, and the consensus EPS estimate is $0.66 (-34.0% Y/Y) on revenue of $40.43B (-14.5% Y/Y).

BP will announce updates on its $5 billion cost-cutting initiative on Tuesday, amid growing pressure from activist investor Elliott Management to take stronger action to reduce its operating expenses, ...

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

BP recorded a hit to profit in the first half of the year on the back of weak oil prices and rising tax pressures.

BP Plc said it made its biggest discovery in 25 years in deep waters off Brazil, a boon for the U.K. oil major as it seeks to turn around years of underperformance.