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 ...

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

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

The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third higher than analysts expected, and raised its quarterly dividend by 4 per ...

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.

BP will cut over 6000 jobs this year as part of a new review of its business and cost base, as the UK supermajor remains under pressure from investors to turn around profitability and reinvigorate the ...

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 ...