BP p.l.c. Sponsored ADR (BP)
BP Gets Final Approval for Iraq's Kirkuk Oil Redevelopment
BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.
Why BP is exiting the Austrian mobility and convenience sector
BP, the British multinational oil and gas company, announced on Thursday that it intends to divest its mobility and convenience business in Austria. This strategic move is part of BP's broader portfolio restructuring efforts under the leadership of CEO Murray Auchincloss, who has implemented a “reset strategy” for the company.
BP to sell over 260 retail stores, EV charging assets and more in Austria
BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes its portfolio under CEO Murray Auchincloss' reset strategy.
BP weighs stake sales in two Gulf of Mexico projects, sources say
BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on Wednesday.
BP receives final green light from Iraq government on Kirkuk project
BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, BP said on Wednesday.
BP's Strategy Under Scrutiny as Elliott Pushes for Further Changes
Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.
Proxy advisor ISS recommends votes for re-election of BP board, executives
Proxy advisor Institutional Shareholder Services Inc (ISS) recommends that shareholders vote in favour of the re-election of BP's board and management at the April 17 annual general meeting, according to a document seen by Reuters.
BP (BP) Stock Sinks As Market Gains: Here's Why
BP (BP) closed the most recent trading day at $34.11, moving -1.27% from the previous trading session.
BP Sells $1B Stake in Key Azerbaijan-Turkiye Gas Pipeline
BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.
European Stocks Crushing US Rivals: 5 Strong Buy Stocks With Huge Dividends
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Activist Elliott meets BP investors to discuss more changes, sources say
Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership reshuffle, two shareholders told Reuters.
Apollo Funds to buy 25% stake in BP pipelines for about $1 billion
BP on Friday said U.S.-based asset management firm Apollo Global's managed funds will buy a 25% non-controlling stake in its unit, BP Pipelines (TANAP), for about $1 billion.
