BP p.l.c. (BP) Q4 2024 Earnings Call Transcript
BP p.l.c. (NYSE:BP ) Q4 2024 Earnings Conference Call February 11, 2025 8:00 AM ET Company Participants Craig Marshall - Investor Relations Murray Auchincloss - Chief Executive Officer Kate Thomson - Chief Financial Officer Conference Call Participants Josh Stone - UBS Peter Low - Redburn Biraj Borkhataria - RBC Doug Leggate - Wolfe Al Syme - Citi Irene Himona - Bernstein Lydia Rainforth - Barclays Lucas Herrmann - Exane BNP Matt Lofting - JPMorgan Chris Kuplent - Bank of America Roger Read - Wells Fargo Alejandro Vigil - Santander Michele Della Vigna - Goldman Sachs Paul Cheng - Scotia Giacomo Romeo - Jefferies Craig Marshall Welcome, everybody, to bp's Fourth Quarter and Full Year Results Call. We'll be focusing today's call on the fourth quarter and 2024 performance and the contents of the video that I hope many of you will have seen by now.
BP Faces Declines in EPS, Revenue
BP (BP 6.66%), a global oil and gas company, released its fourth-quarter earnings on Feb. 11, 2025, showing results below expectations. The company reported an EPS of $0.44, which fell short of the $0.46 forecast.
BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake
BP (BP) announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.
BP Earnings Miss. How Elliott Stake News Is Affecting the Stock.
The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
BP says it will review buybacks and capex as part of strategy update
BP PLC (LSE:BP.) released fourth-quarter results that look mostly better than expected, with its remaining $1.75 billion quarterly buyback still in place, but the oil giant said it intends to review buybacks and capex as part of its strategy update later this month.
BP's fourth-quarter earnings drops to four-year low
BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business.
BP shares power ahead after activist takes stake; analysts have their say
BP PLC (LSE:BP.) shares climbed 7% in afternoon trading following reports that activist investor Elliott Management has taken a stake in the company, increasing pressure for strategic and leadership changes.
BP Gets an Big Activist Investor. The Stock Is Rising.
Hedge fund Elliott Management has built a stake, The Wall Street Journal reported, and will push for transformational change.
Three key changes Elliott could push BP to adopt
BP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years.
BP shares jump 7% after Elliott Management takes stake – will there be leadership changes?
BP shares surged on Monday, rising nearly 7% in early trading, after reports emerged that activist hedge fund Elliott Investment Management had acquired a stake in the British oil giant. The size of Elliott's holding has not been disclosed, but its involvement is already fuelling speculation about potential changes to BP's strategy and leadership.
BP strategy day takes on new significance with Elliott in wings, say analysts
BP PLC's upcoming strategic review "may have new impetus", analysts at Citi said after it emerged that activist investor Elliott Management is now involved, with other analysts suggesting chairman Helge Lund could be a target. The key strategic update, which was recently pushed back a few weeks to 26 February, "has seemingly taken an even more important turn", oil analysts at the investment bank said in a note to clients on Monday.
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.
