The energy giant will outline its strategy later following pressure from some investors unhappy its profits and share price have been much lower than its rivals.
Mr Auchincloss is under pressure to boost profits from some shareholders including the influential activist group Elliot Management, which took a near £4bn stake in the £70bn company to push for more investment in oil and gas.
In 2024, BP's net income fell to $8.9bn (£7.2bn), down from $13.8bn the previous year.
Not sure "because we need it" is mentioned anywhere. Which suggests you are either trolling or thick. I expect it is a combination of both.
Posted By: Pixelman, Feb 26, 07:56:22
Written & Designed By Ben Graves 1999-2025